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Danny gearing up for another offseason spending spree?

Discussion in 'NFL Zone' started by BrAinPaiNt, Jan 11, 2007.

  1. BrAinPaiNt

    BrAinPaiNt Brotherhood of the Beard Staff Member

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    LINK

    NEW YORK (Reuters) — Six Flags (SIX) said Thursday that it sold three water parks and four theme parks for $312 million as part of its efforts to reduce debt, sending its shares surging.

    The amusement park operator has been reworking its business since a shake-up of its board and top management after investor Daniel Snyder won a long-running battle for control of the company in 2005. Six Flags has since been focusing on families and improving its financial position.

    Six Flags, which had planned to sell up to nine parks, will receive $275 million in cash and a note receivable for $37 million for the parks near Buffalo; Denver; Houston, Concord, Calif.; Seattle; and two parks near Oklahoma City.

    With the latest divestment, Six Flags will have raised $352 million in gross cash proceeds, including the June 2006 sale of land in Houston, to pay down debt.

    Six Flags Magic Mountain and the adjacent Hurricane Harbor water park in Valencia, Calif., which were on the block, will be retained and open for business in 2007, the company said.

    PARC Management is buying the parks, selling them to real estate income trust CNL Income Properties and leasing them back. PARC will operate the parks.

    The transaction is expected to be completed in March.
  2. Yeagermeister

    Yeagermeister Active Member

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    I believe there is a Six Flags almost right next to where they are building Jones Town. :D
  3. BrAinPaiNt

    BrAinPaiNt Brotherhood of the Beard Staff Member

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    He needs to get that money ready.:laugh2:

    On a side note...wonder if they have kool aid vendors.
  4. Yeagermeister

    Yeagermeister Active Member

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    That would be too funny but the PC people would freak. :laugh1:
  5. BigDFan5

    BigDFan5 In Tebow I Trust

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    Sale complete in march, free agency starts in March. Danny getting his checkbook warmed up already. So which overhyped FA will they give 10 mill bonuses to this year?
  6. Hostile

    Hostile Peace Zone Supporter

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    :lmao2:
  7. k19

    k19 Active Member

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    What good does it do for him to have control on the company.















































    He's still not tall enough to ride any of the rides
    [IMG]
  8. Yeagermeister

    Yeagermeister Active Member

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    :lmao2: :lmao2: :lmao2: :lmao2: :lmao2: :lmao2: :lmao2:
  9. theebs

    theebs Believe!!!!

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    yep.

    It is directly across the street from the ballpark in arlington.

    The cowboys stadium is on the other side of the ballpark though.
  10. Yeagermeister

    Yeagermeister Active Member

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    Danny has a front row seat for the building of a real NFL stadium......if he can see over the guard rail :D
  11. k19

    k19 Active Member

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    I bet he has one of these to see out of the suite and over the rails

    [IMG]

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