i cant say alot but it was somthing the trainers did that caused the show to end, so dont balme the company blame the trainers. Thats my understanding of the situation.
Refusing to take a large paycut (total conjecture on my part), seems a poor reason to word a sentence that way. In business, everything comes down to money.
Premier Parks transformed Six Flags into a global entity, and made Great Adventure a destination park. RedZone cleaned up the pathways only to slap litter on every other surface possible. The current receivership has made some shrewd business moves (Kentucky Kingdom settlement, Selling operational rights to ---- Clark Products for largely what they paid.), while further diluting an already watered down damaged brand with these cutbacks. I'm glad Mark Shapiro is gone, as he would have done everything currently being demanded by the current receivership. That being said, Dr. Al Weber and Co. seem like a total disaster. They haven't learned a single lesson from previous management failures (coincidently, it's not the multi-million dollar coaster installs, it's "giving away the gate"!), and are trying to run these parks as cheaply as possible. While I do believe the receivership is trying to pad the bottom line and position the company for a sale; I don't think anyone will line up to buy.
From a post of mine at GAHistory.com:
[Regarding possible acquisition of Great Adventure] "I never heard about any interest from Disney, as Great Adventure would need a complete reinvention to fit with their portfolio. Universal on the other hand, did express interest at some point. Universal supposably envisioned a "PortAventura" style makeover for the park. When the appraised value clocked in around $800M (late 90's - early 2000's), they got cold feet and decided against it. Seasonal operations, high acquisition cost (biggest factor), and upgrade costs were just too great. Or so they thought at the time. With Universal divesting PortAventura, I doubt Great Adventure meets their criteria for acquisition now. SeaWorld Parks & Entertainment (ne้ Busch Entertainment Corp. "BEC") would be the ideal buyer for Great Adventure.
BEC certainly has experience running an animal park. Provided Great Adventure hasn't already started ripping down the "Temple of the Tiger" habitat, BEC could makeover the park over time with minimal costs. Unfortunately for us, BEC is VERY cautious with their investments. Cedar Fair has debt issues of their own, and credit is hardly flowing freely.
If the Sandusky based company was interested, they would have bought the company as a whole on the bankruptcy court steps for pennies. I don't think the Apollo Management takeover was a factor, as there were rumors/talks about combining both Six Flags and Cedar Fair earlier this year. Any sale of Six Flags will be complicated, as the company doesn't own Six Flags Over Texas or Over Georgia. They're investors in a limited partnership, and the buyout costs ("triggers") are exorbitant. That leaves Parques Reunidos as the sole possible savior."
For me, I wish Kieran Burke found a way to reacquire Six Flags. With a market cap hovering around $1.1B, it could be purchased cheaply! I don't know what financial institution would fund such a takeover (credit is still scarce), but I'd love to see PKS return and complete their mission. Hopefully they'll take a slow, measured approach this time.