Travis Kelce’s investment in Six Flags was already caught up in a fight over the struggling theme-park operator’s future. Now, a fatal roller-coaster accident has added a safety crisis to the financial troubles behind an activist push to sell the company.
The NFL star teamed up with activist hedge fund Jana Partners and other investors last October to acquire a roughly 9% stake in Six Flags. Last month, Jana urged the company to explore a sale after disappointing financial results. Then, on Monday, a passenger was ejected from the Goliath roller coaster at Six Flags Over Georgia and died, according to police. Six Flags temporarily closed nine similar coasters across six parks.