Lavarleap56 Posted January 12, 2007 Share Posted January 12, 2007 Well with all the recent talk of the stadium and such i find it interesting that Snyder is selling enough of six flags to maybe pay off fed-ex field??? or getting ready for a free agent spending spree? news.yahoo.com/s/ap/20070111/ap_on_bi_ge/six_flags_sale_14 Link to comment Share on other sites More sharing options...
cmorina69 Posted January 12, 2007 Share Posted January 12, 2007 I dont realy see what your getting at, you think hes sold them because hes gona build a new stadium? Link to comment Share on other sites More sharing options...
LoudMouth12thMan Posted January 12, 2007 Share Posted January 12, 2007 link doesn't work Link to comment Share on other sites More sharing options...
skinfan2k Posted January 12, 2007 Share Posted January 12, 2007 well u know six flags is in debt right? i dont think u can use outside dollars on football operations or the seahawks would be the best franchise with paul allen as the owner Link to comment Share on other sites More sharing options...
Lavarleap56 Posted January 12, 2007 Author Share Posted January 12, 2007 link is fixed... not really getting at anything but with all the stadium talk and apparently Snyder would have to fit the bill, i find it interesting he begins selling assets to maybe accrue that money. Link to comment Share on other sites More sharing options...
DWinzit Posted January 12, 2007 Share Posted January 12, 2007 well u know six flags is in debt right? They too have a salary cap! Link to comment Share on other sites More sharing options...
skinfan2k Posted January 12, 2007 Share Posted January 12, 2007 They too have a salary cap! are you telling me that dan snyder is restricted to making new roller coasters? Link to comment Share on other sites More sharing options...
Gallntfox Posted January 12, 2007 Share Posted January 12, 2007 This was actually posted yesterday. Speculation had been that when Snyder took over he would start selling off underperforming parks and he has done so. He owes it to shareholders of Six Flags to keep it afloat and to maximize the value of their investment and this has absolutely nothing to do with the Skins at this point. Six Flags has over 2 billion of debt and about 50 million in cash on the balance sheet. Now why do you think they're selling assets? Link to comment Share on other sites More sharing options...
DWinzit Posted January 12, 2007 Share Posted January 12, 2007 are you telling me that dan snyder is restricted to making new roller coasters? It appears Gallntfox has explained their salary cap! Link to comment Share on other sites More sharing options...
thinker Posted January 12, 2007 Share Posted January 12, 2007 Ya'll might want to buy Six Flags stock. Here's the list of the biggest stockholders: Snyder, Bill Gates, and Mark Cuban. Link to comment Share on other sites More sharing options...
Gallntfox Posted January 12, 2007 Share Posted January 12, 2007 Ya'll might want to buy Six Flags stock. Here's the list of the biggest stockholders: Snyder, Bill Gates, and Mark Cuban. Buy stock huh? Massive debt...declining attendance...speculation that it will continue to be sold off piecemeal for the real estate values...and no mention of your Gates or Cuban ownership. Maybe Red Zone will turn it around but there are certainly better investments out there imo http://finance.yahoo.com/q/mh?s=SIX Major Shareholders RED ZONE LLC 11,421,300 23-Jun-06 -Snyder's Group JANA PARTNERS LLC 10,461,900 17-Apr-06 -San Fran based hedge fund BURKE KIERAN E 745,922 13-Dec-05 Ex-CEO booted by Snyder DANNHAUSER JAMES F 499,545 2-Jan-06 -Former CFO booted by Snyder SHAPIRO MARK S 284,485 28-Jun-06 -Former ESPN exec hired by Snyder as CEO Stockholders representing more than 57% of the Company's outstanding shares have voted to remove Directors Kiernan Burke, James Dannhauser and Stanley Shuman, and elect Daniel M. Snyder, Mark Shapiro and Dwight Schar and endorse our proposals for change at Six Flags. We look forward to the final certification of this vote." Red Zone LLC is a Virginia-based private investment group. Daniel M. Snyder, owner of the Washington Redskins NFL franchise, is managing member of the organization. As many of you remember...Dwight Schar was the one who facilitated the meeting between Gibbs and Snyder that led to Gibbs return. So where are Gates and Cuban? Link? Link to comment Share on other sites More sharing options...
SkinnedAussie Posted January 12, 2007 Share Posted January 12, 2007 or getting ready for a free agent spending spree? Can't see how that point is relevant. How does selling off Six Flags have anything to do with our salary cap? Link to comment Share on other sites More sharing options...
Siven Posted January 12, 2007 Share Posted January 12, 2007 Apparently this is how it works. Snyder made a huge investment to get Six Flags as a whole. While some of the parks do well, others are poorly managed and thus lose money. In an effort to make a fat wad of cash, Snyder has sold the poorly managed parks to a managing firm or something and they believe they can make good money on it. Therefore, Snyder has recouped his initial loss because while he sold bad parks, he still made them a lot better. Link to comment Share on other sites More sharing options...
Lil Kenzo Posted January 12, 2007 Share Posted January 12, 2007 Hey, I work at Six Flags Magic Mountain in Valencia, CA. Link to comment Share on other sites More sharing options...
Jerrod6002 Posted January 12, 2007 Share Posted January 12, 2007 Snyder owns a ton of Stock. But He is not making money on this deal at this point. He is looking to reduce their debt by selling the under performing parks. This will allow their credit rating to increase thus allowing them to refiance their existing debt with better terms. This should allow the company to show better performance. Link to comment Share on other sites More sharing options...
pjfootballer Posted January 12, 2007 Share Posted January 12, 2007 He can use the cash to pay for a new stadium, but not Free Agents. Link to comment Share on other sites More sharing options...
DOOG Posted January 12, 2007 Share Posted January 12, 2007 He can use the cash to pay for a new stadium, but not Free Agents. Maybe he can use it to buy a new JUMBOTRON so everyone can stop whining! :logo: Link to comment Share on other sites More sharing options...
CM916 Posted January 12, 2007 Share Posted January 12, 2007 I used to work for one of those parks, and later for a third party company within the park for a lot more money. Poor management is an understatement although I beleive I worked for one of the profitable ones as they are continuing to expand it into a resort type area. Link to comment Share on other sites More sharing options...
SlinginSammy HOF '63 Posted January 12, 2007 Share Posted January 12, 2007 Ya'll might want to buy Six Flags stock. Here's the list of the biggest stockholders: Snyder, Bill Gates, and Mark Cuban. If Warren Buffett and Bob Brinker get on board I'm all for it. Link to comment Share on other sites More sharing options...
skinsrbeast Posted January 13, 2007 Share Posted January 13, 2007 haha dan is the man Link to comment Share on other sites More sharing options...
JoeGibbsThickandthin Posted January 13, 2007 Share Posted January 13, 2007 Maybe he can use 2 million of it for a new GM? Link to comment Share on other sites More sharing options...
DWinzit Posted January 13, 2007 Share Posted January 13, 2007 Maybe he can use 2 million of it for a new GM?The problem is.............Does Danny really think a GM is needed.Danny adores his Li'l Vinnie and Mr. Gibbs sooooo. I don't see him thinking GM unless Gibbs suggests it!!! Link to comment Share on other sites More sharing options...
thinker Posted January 13, 2007 Share Posted January 13, 2007 Buy stock huh? Massive debt...declining attendance...speculation that it will continue to be sold off piecemeal for the real estate values...and no mention of your Gates or Cuban ownership. Maybe Red Zone will turn it around but there are certainly better investments out there imo http://finance.yahoo.com/q/mh?s=SIX Major Shareholders RED ZONE LLC 11,421,300 23-Jun-06 -Snyder's Group JANA PARTNERS LLC 10,461,900 17-Apr-06 -San Fran based hedge fund BURKE KIERAN E 745,922 13-Dec-05 Ex-CEO booted by Snyder DANNHAUSER JAMES F 499,545 2-Jan-06 -Former CFO booted by Snyder SHAPIRO MARK S 284,485 28-Jun-06 -Former ESPN exec hired by Snyder as CEO Stockholders representing more than 57% of the Company's outstanding shares have voted to remove Directors Kiernan Burke, James Dannhauser and Stanley Shuman, and elect Daniel M. Snyder, Mark Shapiro and Dwight Schar and endorse our proposals for change at Six Flags. We look forward to the final certification of this vote." Red Zone LLC is a Virginia-based private investment group. Daniel M. Snyder, owner of the Washington Redskins NFL franchise, is managing member of the organization. As many of you remember...Dwight Schar was the one who facilitated the meeting between Gibbs and Snyder that led to Gibbs return. So where are Gates and Cuban? Link? Not that this is a stock site but take a look at this: 2007 Outlook As far as Gates and Cuban, how about Business week. Now the stock almost tripled last year and they may have sold, but they were recently major stockholders. Link to comment Share on other sites More sharing options...
smitty71 Posted January 13, 2007 Share Posted January 13, 2007 Apparently this is how it works. Snyder made a huge investment to get Six Flags as a whole. While some of the parks do well, others are poorly managed and thus lose money. In an effort to make a fat wad of cash, Snyder has sold the poorly managed parks to a managing firm or something and they believe they can make good money on it. Therefore, Snyder has recouped his initial loss because while he sold bad parks, he still made them a lot better. He also uses at least one of them in Louisiana to rent out parking spaces to FEMA while they are rebuilding New Orleans. Link to comment Share on other sites More sharing options...
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