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FILE – Visitors ride a roller coaster at Six Flags Magic Mountain in Valencia, Calif., April 1, 2021.
AP Photo/Jae C. Hong, File
Activist investor group that includes Travis Kelce aims to revive struggling Six Flags
Published 2:56 PDT, Tue October 21, 2025
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An group that includes activist investor Jana Partners and NFL player Travis Kelce says it has accumulated one of the largest ownership stakes in Six Flags Entertainment and intends to press the company's leadership on ways to improve the struggling amusement park operator's business.
Jana said Tuesday that the investor group now owns an economic interest of approximately 9 per cent in Six Flags. The group plans to “engage” with Six Flags' management and board of directors to discuss ways to enhance shareholder value and improve visitors' experience.
Shares in the Charlotte, North Carolina-based Six Flags surged 17.7 per cent on the news. The shares added another 5.1 per cent gain in after-hours trading. Even with Tuesday’s rally, the company’s shares are down about 47 per cent so far this year.
Six Flags reported a loss of $319.4 million for the first half of the year. The company said attendance fell 9 per cent in the three months ended June 29, due partly to bad weather and a “challenged consumer” in most of the markets it operates in.
The investor group also includes consumer executive Glenn Murphy and technology executive Dave Habiger.
Kelce, tight end for the Kansas City Chiefs, said in a statement that he grew up going to Six Flags amusement parks.
“The chance to help make Six Flags special for the next generation is one I couldn’t pass up,” he said.
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