Six Flags sued by Red Zone

Posted Friday, November 25, 2005 10:08 AM | Contributed by GregLeg

Six Flags Inc. confirmed Wednesday that a group led by Washington Redskins owner Dan Snyder has sued the company in connection with its bid to oust three board members and wrest control of the amusement park operator. Red Zone said Tuesday that it is suing "to avoid any possible delay in the company recognizing the vote."

Read more from AP via Yahoo.

Friday, November 25, 2005 10:09 AM
Jeff's avatar This is very obviously a "we have to get our peeps in there before they sell the company" kind of move. If Six Flags has any purchase contracts in place, look out!
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Friday, November 25, 2005 10:39 AM
Ugh, yet another drama problem with the Six Flags. I bet this will be on the Six Flags Rant---- I mean Coasterbuzz Podcast, eh Jeff?
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Friday, November 25, 2005 11:15 AM
i really don't know what to say right now. I am losing a lot of respect for Snyder, and for the first time gaining respect for Burke. this is just getting to be way to much
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Friday, November 25, 2005 11:39 AM
Jeff's avatar Why are you losing respect for him? He's trying to prevent the sale because he thinks he can do better with his people in place. And what has Burke done to gain the respect of anyone?
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Friday, November 25, 2005 2:47 PM
rollergator's avatar ^ He built a TON of rollie coasties!

What MORE do you need? :)

;)

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Friday, November 25, 2005 4:48 PM
What more? A viable business plan might be nice.

I don't think Snyder and company have any clue either, but one thing they DO understand is that something has to change.

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Friday, November 25, 2005 5:52 PM
I don't think Snyder cares about anything but more money in his pocket. As someone else stated here in another thread, all we have heard about is how to increase shareholder profits. No mention of how to increase guest experience or anything along those lines. Some might make the argument that by bringing more revenue in from advertising and sponsors will eventually lead to better parks, but we don't know that for sure. As long as people continue to visit the parks, some things may stay the same as far as operations go. I think one way to increase guest experience is to have more staffing at the rides, and not only for the coasters, but even the flat rides. However more staffing requires more spending and deeper cuts into profits, something major companies don't like to do in these days of "do more with less" attitude. I'll reserve judgement until we all see what the outcome is, but I have a sinking feeling that those of us that were not in favor of Snyder in a few years will be saying "I told you so".
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Friday, November 25, 2005 8:46 PM
Greg, you put into words what I haven't been able to.

The thing about Snyder is that he doesn't necessarily know what he's doing, but he recognizes there needs to be change. I feel that is a good way to start.

And gaining respect for Burke? Why? Because he wants to keep his job, which he HASN'T BEEN DOING A GOOD JOB AT? Oust Burke soon...

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Saturday, November 26, 2005 12:35 AM
They are BOTH fat cats who don't really give a crap about the product that they sell, just how they can make a larger profit from it, imho.
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Saturday, November 26, 2005 10:23 AM
Well for my 2 cents,
Snyder, sure he understand that there is a need for change but he has share value at the top of his list, His main focus as clearly seen in his plans that we recieve every week for the past 4 weeks. He's doing the buisness man routine on how to bring in more money, not necessarily from park visitors. In one of my earlier plans recieved from red zone, they mentioned something to the sort of having cell phone venders and cable venders at the parks. Hopefully that was just an example of what could be done but I for one don't want someone trying to sell me a cell phone or cable while I'm trying to enjoy myself at Six Flags, those peeps are annoying at the mall but at an amusement park, that's just ridiculous. I almost forgot about their idea of renaming rides with advertizing tie-ins, kinda like Pepsi the big one coaster, to me it sounds rather silly, but sure it would show a monetary increase.

As a share holder, I respect his idea and appreciate their vision for increasing the value of my investment, but as a park go'er, I don't think they understand what we go to the parks for in the first place.

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Saturday, November 26, 2005 3:29 PM
Billions of people recognize that the sky is blue, but it doesn't make them qualified to run NASA.

Several hundred people who post here recognize that change is needed at Six Flags, but how many of them have been asked to sit on the board of directors? (I think many of them would make better decisions than Snyder).

Seeing the obvious isn't a talent with which I'm too impressed ( ;) ), and I certainly don't think it should be excessively rewarded.*** This post was edited by RatherGoodBear 11/28/2005 5:29:13 PM ***

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Sunday, November 27, 2005 12:13 PM
I wish we could have Burke and Snyder on the podcast. That'd be an interesting show especially if they were drilled on some things.
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Monday, November 28, 2005 4:44 PM
rollergator's avatar Greg said: "What more? A viable business plan might be nice."

Nice indeed!

Upon further reflection, Jeff did ask what Burke had done to gain *respect*...so building coasters without a plan doesn't really "fit the bill", so to speak. ;)

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Monday, November 28, 2005 5:30 PM
Good idea thrillerman. Do they still do "Celebrity Death Match?" They could do a special "winner gets Six Flags edition."
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