Travis Kelce of the Kansas Metropolis Chiefs celebrates with Taylor Swift after victory towards the Baltimore Ravens on January 28, 2024 in Baltimore, Maryland.
Patrick Smith | Getty Photographs Sport | Getty Photographs
NFL star Travis Kelce is teaming up with activist investor Jana Companions in a bid to assist reshape the way forward for Six Flags Leisure Corp.
Jana introduced on Tuesday that it has partnered with Kelce, client govt Glenn Murphy and expertise govt Dave Habiger in an funding group that now holds an financial curiosity of roughly 9% within the amusement park operator.
Shares of Six Flags shot up greater than 15% Tuesday following the information.
The group plans to have interaction with Six Flags’ board and administration to discover methods to “improve shareholder worth and enhance the visitor expertise,” Jana mentioned.
Kelce, who received two Tremendous Bowls with the Kansas Metropolis Chiefs and is the fiancée of pop star Taylor Swift, mentioned the partnership was additionally private.
“I’m a lifelong Six Flags fan and grew up going to those parks with my household and buddies,” he mentioned in an announcement. “The prospect to assist make Six Flags particular for the following era is one I could not go up.”
The transfer comes as Six Flags appears to be like to reinvigorate attendance and profitability following years of management adjustments and a pandemic-driven droop. The inventory continues to be down about 48% this 12 months even with Tuesday’s increase.
The agency’s managing companion, Scott Ostfeld, revealed the funding on the 13D Monitor Lively-Passive Investor Summit Tuesday. The Wall Road Journal first reported the transfer.