Former Six Flags execs to court: We'll run the company for a few years

Posted | Contributed by Jeff

Former executives of bankrupt Six Flags have offered to manage the world's biggest regional theme park operator and said they could raise its value by up to $300 million. Both Jim Prager and Larry Cochran were part of Six Flags before it was acquired by Premier Parks Inc in 1998. Cochran said the offer was not a criticism of the current management, and he said the bankruptcy resulted from too much debt. He said he had not studied the proposed plan of reorganization.

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