Register or Login to Hide This Ad for Free!
RE: Rumor: Busch Parks to Be Sold Off?

WHEWWWWWWWWWWW This is a fun one. You get a boring 9-5 desk job and something like this surfaces, makes you pop in to see what is going on. WOWzers, Batman, what is going on in Gotham City. Wait, that is not at BGW is it? What is going on in the Olde Country? Whoops, it is not really the old country any more now either? What is going on with that park in Williamsburg? Guess we will have to leave it in that boring manner. MMM yea made me yawn on that one too. Good tarnations and fried pickles this is golden.

NOW NOW NOW, let's all settle back on down and take off the Pampers and actually put a little bit of thought into this. Why could this be happening? It is no secret that Blackstone has loaded the company up with debt, pocketed the bulk of IPO dollars, and more than likely is looking for another cash grab. Hmmmm, now that sounds plausible don't ya think? Dun dun dun That sounds possible. Hey, I answered myself (should we call the docs, CAPTAIN?!??!). Let's place the pieces in order with where we currently stand on this. Now, I have not been around here obviously; big boy job takes up a ton of time and prevents from doing those things once enjoyed. Never grow up, kids! Move to Never Neverland! But from what I read after Shane sent me an email inquiring on this topic today I dove into the forums after being getting off for the Fireworks, holiday, and Budweiser free holiday and noticed a few things. First off, Illuminights has been scaled back from what Swift has stated. Secondly, EitA closed. Third off, Food and Wine was supposed to be extended but was cut. Why would that have been cut unless it was not the true cash grab originally intended. Someone chime in and correct me if anything is out of order. Other variables to take into account is how has concert attendance been? They cost some coin and unless three quarters of the seats are filled then they are not a success.

From the sounds of this it looks to me like they are decreasing operating costs which can in turn give a short term boost to park value. Now why raise the value in the short term you ask? GOOD QUESTION, JOHNNY, it is exactly what needed to be brought up. Going on pure speculation and looking at where chips have fallen in the short amount of time I have today. BOOM! Potential selloff. That is not me saying that IS for that but the cards clearly are somewhat pointing in that direction. It would be another massive cash grab for the big business man on Wall Street. Assuming the SeaWorld parks stay in the company it COULD provide some additional cash for those. Nah, that wouldn't happen, it would just be a big cash grab.

Now now now, let's hang in there for a few more minutes. I know reading long pieces of words are hard today with short hand texting and that nonsense you kids love nowadays. AB buying the parks back? Impossible and they technically did not carry out the sale. Let's keep this paragraph straight forward before people start talking about Cedar Fair buying one of these things. IF a sale were to go down, emphasis on IF (maybe I should use multi colored, largest size, underlike, bold, and lean to the side font to make IF clear?), AB is out, not happening. Focus in that company is 100% on beer as beer sales are somewhat heading into decline. Overall volume of sales are declining but dollar numbers are up a hair due to slight price increases to accomadate for lack of sales. Did I not read that their yellow fizzy stuff that tastes like urine is getting a new can that holds less beer but going up in price? Nope not in a position buy theme parks when they're pedaling to keep up in the beer industry. Scrap that idea. Gone with the wind. POOF. Abra Kadabra (wait that was ripped off by those Pokemon games my little nephew played years ago).

Focus should be turned elsewhere. IF something like this were to go down who would have cash to do something like this. No, you silly Apple fanbois, not them even though they are rolling in dough. Entertainment companies would come in. Someone who can afford it. You can bet that IF something of this nature were to occur that the price will be higher than a 3 series BMW. Nevermind, I lied that's the poor man's Beeeeeeeemur. You put somethign expensive of your choosing in. See the fan involvement I allow? Gee, I really am good at this kinda stuff. Let's take a gander into what would be unexpected. No no no I don't mean Dodge buying the park. If you are thinking that then you have some real issues.

This is all speculation from quick readings, looking at pieces of the puzzle and how they fit (no I am not wedging a corner piece into the middle like I have read in this thread) somethign seems up though. Whether is be cutting costs to reflect better on stock prices or boosting value like Viagra on 'Ole Hugh to sell off. Time will tell but the cards are falling in a more specific order than a fixed casino to a sale.
 
RE: Rumor: Busch Parks to Be Sold Off?

b.mac said:
IndyRacingNut said:
If many of you did your homework, you'd know that Blackstone primarily invests in Real Estate and financial sector companies....NOT in Amusement parks. Busch Gardens/SeaWorld was a gamble for them at best and according to the rest of their financials, they haven't invested in anything similar to BG since they bought them.

You need to check your homework again, Blackstone owned half of the Universal Resorts until Comcast bought out NBC, and they invested in a sizable chunk of Universal's additions.

Not to Mention Blackstone still owns and has owned Merlin Entertainment for YEARS.
 
RE: Rumor: Busch Parks to Be Sold Off?

So wow, what a night, after the EiTA news and then the hints about the parks being sold I decided to dig around. I am hearing from some reputable people that a sale is more than likely imminent.
 
RE: Rumor: Busch Parks to Be Sold Off?

Shane said:
So wow, what a night, after the EiTA news and then the hints about the parks being sold I decided to dig around. I am hearing from some reputable people that a sale is more than likely imminent.

The biggest and most important questions I have to ask are:

Who is the buyer? Is one lined up? Are there multiple bidding?
 
  • Like
Reactions: Julia
RE: Rumor: Busch Parks to Be Sold Off?

Shane said:
So wow, what a night, after the EiTA news and then the hints about the parks being sold I decided to dig around. I am hearing from some reputable people that a sale is more than likely imminent.

WOW.:shocked:

What's the word on details?
 
RE: Rumor: Busch Parks to Be Sold Off?

I have heard some things tonight but I am not willing or ready to stake ParkFans reputation on it quite yet. The park is profitable but they are making as many cuts as possible to make it more profitable to bolster the price for the potential buyer. That is why EitA was closed. That is why Illiminghts was castrated. It sounds like they might have some interested parties that are shopping around. That is all I can say right now. Once again this is what I am hearing personally, this is not coming from BGWFans/ParkFans.
 
RE: Rumor: Busch Parks to Be Sold Off?

If anyone wants proof that the parks are being shopped need to read this article, courtesy of k8meeder.....

Link

Read the last sentence. I've been a stockbroker. Those words ABSOLUTELY signify an impending sale, if not, one that has already been made, but not publicly as of yet.

Pretty solid evidence. The only question now is....Who is the buyer?

Edit: Yes, I realize the article is dated from April of this year, but that's immaterial. Sales of property like these don't happen overnight. The use of the words "Quiet period" should raise red flags in anyone's head....The parks ARE being shopped & a buyer is probably already in place.
 
  • Like
Reactions: Julia
RE: Rumor: Busch Parks to Be Sold Off?

Can't we just stick with an owner for more than three years. Seriously, we've been through the hands of what seems like three different owner over the course of three years.
 
RE: Rumor: Busch Parks to Be Sold Off?

I was catching up on this thread thinking, "But, but, but ... Blackstone still owns Merlin Entertainment so they DO have entertainment biz interests!" but Shane already pointed that out.

So, help me clarify -- the RUMOR is that JUST the Busch Parks will be sold off from Sea World Parks and Entertainment? i.e., BGW and BGT? Is that accurately stating the rumor? Or are we saying Blackstone is selling off all of SWP&E/SEA?
 
RE: Rumor: Busch Parks to Be Sold Off?

Wouldn't only buying the Busch Parks a good thing? If they are the only parks in the buyers chain, then the two parks will get directed attention. With what we have now, they are working with ALL the parks that they own.
Another question. If it is only the Busch Gardens parks being bought, will they still be able to talk about sea World and will they have to get rid of Forest of Fun? Just asking. :)
 
  • Like
Reactions: Julia
RE: Rumor: Busch Parks to Be Sold Off?

It is not a good thing. They would also lose the brand recognition and money making of seaworld. It would also ruin the platinum pass.
 
RE: Rumor: Busch Parks to Be Sold Off?

I would think Seaworld San Antonio, and Sesame Place are in a worse spot than the Busch parks. I guess their brand is not as easily recognizable though?
 
RE: Rumor: Busch Parks to Be Sold Off?

I would assume the two sister water parks would go along too.
 
RE: Rumor: Busch Parks to Be Sold Off?

Hoopla said:
Wouldn't only buying the Busch Parks a good thing? If they are the only parks in the buyers chain, then the two parks will get directed attention. With what we have now, they are working with ALL the parks that they own.
Another question. If it is only the Busch Gardens parks being bought, will they still be able to talk about sea World and will they have to get rid of Forest of Fun? Just asking. :)

It is all on who buys it. Busch and SeaWorld will not longer be sister parks. Cross promotion has already scaled back, expect it to disappear. Package deal. Each BG and their respective water parks. EXPENSIVE, very very expensive. Would relieve saddled debt SEAS incurred doing IPO. Make SEAS a better contender in OTown and Cali. More agile stock.


pandorazboxx said:
I would think Seaworld San Antonio, and Sesame Place are in a worse spot than the Busch parks. I guess their brand is not as easily recognizable though?

The Busch parks ARE making money. The cutting cost is efforts to increase curb value for a sale. And exactly, the Busch brand is much more recognizable.
 
  • Like
Reactions: b.mac and Planeteer
RE: Rumor: Busch Parks to Be Sold Off?

Here is what is needed to keep in mind. Only a few Entertainment companies stateside could afford this, the rest would be investment companies. The other side of the card would be foreign where you could have investors, Chinese companies, etc.
 
RE: Rumor: Busch Parks to Be Sold Off?

Given all the events we have witnessed over the last month, it's a foregone conclusion that, along with SEAS announcing they will start paying quarterly dividends, that Blackstone is actively propping up the parks for sale. All of them. Not just Busch Gardens ones. NO filing w/the SEC has been made to spin off the BG parks from the rest of the SEAS company, so it appears SeaWorld parks are along for the ride as well.
 
Consider Donating to Hide This Ad