Rob Coasters
Rob Poster
Six Flags Over Texas is not fully owned by Six Flags, they had plans to acquire the rest of it by the end of 2025 and take full ownership but they seem to no longer think they can afford to do that.
FORUMS - COASTERFORCE
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Six Flags / Cedar Fair Merger Announced
- Thread starter davidm
- Start date
You're a star. Much better than this gobbledegook:
"Six Flags Entertainment Corporation (NYSE:FUN) announced Monday that it will not exercise its option to redeem outstanding limited partner interests in the Texas Partnership, which holds the Six Flags Over Texas amusement park in Arlington, Texas."
To add more of a throughline, Six Flags already has majority ownership stake in Six Flags Over Texas - this remaining purchase option was for "non-controlling" shares. They're opting to save the money rather than try to own the full 100% of SFOT.
TPoseOnTantrum
Strata Poster
Hey, what is Enchanted Park Holdings?
Justin2000
Mega Poster
My Thoughts:
Weird to see them getting rid of Six Flags St. Louis
Why are they selling Oceans of Fun when Worlds of Fun is included with it
Why are they selling the Great Escape Hotel but Not Great Escape?
Weird to see them getting rid of Six Flags St. Louis
Why are they selling Oceans of Fun when Worlds of Fun is included with it
Why are they selling the Great Escape Hotel but Not Great Escape?
Scoobert McDoobert
Roller Poster
I did a little more research on this, and it seems like this might be a division (or rebrand) of Innovative Attractions Management (the operators of Diggerland). Take this with a grain of salt, but I believe that they previously owned some of the non-Six Flags properties, but what do I know.
Fiender
Mega Poster
I'm thinking, either they just haven't trademarked the dry parks yet, or SF is only selling the waterpark portions. Enchanted parks seems much more interested in water parks, and yeah it's a weird deal but SF is desperate for cash right now.
Matt N
CF Legend
That’s an intriguing development. Apologies if I missed this, but is Enchanted Parks an entity that currently exists and operates parks, or some sort of new offshoot being invented?
To tell you the truth, I initially saw the post and thought that the whole merged chain was being renamed to Enchanted Parks…
To tell you the truth, I initially saw the post and thought that the whole merged chain was being renamed to Enchanted Parks…
Fiender
Mega Poster
No one is 100% sure but links to Enchanted Parks' website briefly re-routed to the website for the owners of Enchanted Forest Water Safari, whose name I forget right now, and who have said they're looking to acquire more water parks. It's looking like that company is at least in talks to purchase all these other parks from Six Flags.
EDIT: Innovative Attraction Management is the company in question.
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Wait, what? Six Flags Over Texas is the original Six Flags park. It's literally how the chain got its name. The original concept for the park was "Texas under six flags", that is, the six countries that have claimed ownership over it since Europeans brought flags to the New World. To wit, these are Spain, France, Mexico, the Republic of Texas, the USA, and the Confederacy. Then, in typical Texan fashion, it was decided that "Texas shouldn't be 'under' anything", and the perspective changed from that of the flags to the ground. "Six flags over Texas".
One would think that out of all parks in the Six Flags group, SFOT would be the most Six Flags of them all. Strange to hear that this isn't the case.
Did some digging on the ownership history as I was also curious. The park was always owned by Six Flags Over Texas Fund, Ltd. - a limited partnership - which basically lets a bunch of investors and companies have portions of ownership. Premier Park eventually boosted their ownership share to controlling (and subsequently Six Flags), which gets us to where we are today.
TL;DR it was cheaper to do a limited partnership structure in the 1960s when building the park to get all the investment in place. Six Flags, the company, gradually boosted their share count to controlling majority.
TL;DR it was cheaper to do a limited partnership structure in the 1960s when building the park to get all the investment in place. Six Flags, the company, gradually boosted their share count to controlling majority.