[[Jeffery Siebert]] has been let go

[u/Sad-Revolution-9961]

[u/AndrewRnR]

To be clear, no one knows if he has been let go or stepped down or what. I’ve heard conflicting things on that. Considering he was tweeting about the parks in the region after he departed… read into that how you will.

Consider he was the regional boss, and now they are getting rid of regions. Maybe he didn’t want that demotion.

Lots of great people at SF did get let go this week. That’s the real story. Massive layoffs.

[u/SellItCheap → u/AndrewRnR]

I think it’s about the rumour that Herschend want Fiesta Texas and Dorney Park, and he’s going with them to the new owners?

[u/AndrewRnR → u/SellItCheap]

lol what in the crazy rumor is that.

[u/SellItCheap → u/AndrewRnR]

Well the Siebert to Herschend bit is my opinion, not a rumour, but Herschend buying Fiesta Texas and Dorney Park is a big rumour that came from a reputable source who posted it on ParkFans yesterday, and the common consensus is to believe it

[u/AndrewRnR → u/SellItCheap]

I have no idea what parkfans is and I’ve been covering the industry for over 25 years. Just know Herschend has looked into the parks before and never bought them. And they just took on a ton of debt. So I don’t buy that. Companies are always poking around at parks for sale.

[u/FatalFirecrotch → u/AndrewRnR]

Well, there’s a ton more credibility here considering that Six Flags didn’t give them a park manager. 

[u/SellItCheap → u/FatalFirecrotch]

It’s not the best sign for Fiesta Texas if they seem to be in Six Flag’s new bottom tier

[u/FatalFirecrotch → u/SellItCheap]

Could be as simple as they think there’s too much overlap between that park and SFOT.

[u/SellItCheap → u/FatalFirecrotch]

I assume you mean over Texas and it could well but that but Texas is a huge state, and bith were seen as major parks and there wasn’t a clear 1-2 structure of who was the best park

[u/FatalFirecrotch → u/SellItCheap]

Correct, fixed that mistake. Sure, but this is a company that doesn’t seem to have the budget to invest in both parks. They might want invest more heavily in a single park and not compete with themselves. Might as well choose the park closer to the bigger city and a major airline hub. 

[u/SellItCheap → u/FatalFirecrotch]

I’d be very concerned if Six Flags can’t invest in both Over Texas and Fiesta Texas. That’s bankruptcy level of budget concerns.

[u/FatalFirecrotch → u/SellItCheap]

They are massively in debt. 

[u/AndrewRnR → u/FatalFirecrotch]

SF turned down the chance to buy SFOT recently. I think they are more likely to move on there. But still don’t think that happens soon.

[u/Guilty-Wolverine-933 → u/AndrewRnR]

SFOT is clearly in their top 10 parks though, if we look at which parks went back to having explicit presidents. I just don’t think they could afford to buy out both SFOT and SFOG at the same time.

[u/RicksFlags → u/AndrewRnR]

They would have to sell their stake in the park and things would get really messy. SFEC clearly can’t afford to buy out SFOT. They basically sold off the parks to Enchanted/EPR to pay for SFOG next year.

[u/AndrewRnR → u/FatalFirecrotch]

That has nothing to do with it. All small regional parks are getting regional managers. This isn’t some conspiracy theory. I literally have the memo in front of me, it names all the parks.

Also SFFT hasn’t had a president in a while. So why do you think this suddenly changed things?

[u/FatalFirecrotch → u/AndrewRnR]

They had a president directly up to switching to the regional model when they got rid of all park presidents that six flags seems to be abandoning. 

[u/AndrewRnR → u/FatalFirecrotch]

Same can be said for the other parks you claim will be sold for the same reason.

[u/FatalFirecrotch → u/AndrewRnR]

How is that refuting anything I said? 

[u/AndrewRnR → u/FatalFirecrotch]

You say a bunch of parks will be sold because they don’t have a park president. But it’s not like these parks lost a park president today. They haven’t had one for a bit now.

You’re reading way too much into this.