Rumor: New buyer on deck for Busch theme parks?
Rumors are flying all over the industry that there's a deal emerging for InBev to sell the Busch theme parks. And it's not to Merlin, Universal or an investment bank.
It's... to the Busch family.
The reasoning goes that the Busch family will make enough from the sale of its shares in Anheuser-Busch to InBev that family members will be able to buy, or at least finance, the purchase of Busch Entertainment Corp. from InBev. And BEC wouldn't even have to change its name! Saves a few bucks on letterhead, at least. ;-)
The move would allow the Busch "brand name" to continue in the marketplace, something that is said to be very important to some family members. And it would ensure that the current management team would stay in place, though there might have to be some title-shuffling to accommodate Busch family members who do not now have titles within BEC.
Done deal, or wishful thinking? I don't know, but, wow, what a thought to wish....
I've got my fingers crossed for this outcome. Who but the original owners would keep these parks running like they have always been?
Oh that would be so GREAT!!! BGE has always been voted most beautiful park and I'd hate to see that change!!
Hate to throw cold water on the good news, but...will the Busch family have the capital to continue in the manner to which we have become accustomed? By that, I ask if the family has the deep pockets necessary to continue offering new attractions every few years, to maintain the pristine conditions in the parks, and to keep the employees happy enough to keep drawing the crowds? We all saw what happened at Six Flags -- trends to economize wound up alienating a huge part of their fan base. Here's hoping!
Wow I hope So!!! Best rumor I have heard in a long time!!!!
I really hope this will happen as Busch has done such a great job with their parks. The question of whether or not they can keep the parks at their current condition as well as adding new attractions I think is surely possible. Just like it was said earlier, they could buy the parks and have a IPO if they needed more capital.
That sounds like the best idea since it would be difficult to keep up the quality of the parks by a foreign company. I hope it goes through because it would be a shame to see the animal image of the Busch company go down since they are on the forefront of conservation
Im on my knees praying that the parks spin of into there own company. But the question is like before, will they be able to maintain the parks like before.
I'm curious Robert, where did you read the reports? I'm not contradicting anything - I'm praying it works like that! - just wanted to read for myself. Quick Google didn't bring anything up...I'm unresourceful:(
I think that'd be ideal in the scheme of things that could happen. I love those parks. Additionally they do a lot of good work in conservation, animal rescue and the like.
Plus, they might hopefully continue the tradition of free samples!!! Not to mention housing some of those beautiful horses...
The million dollar question is...
The Busch family buying back control of the Parks sounds like an ideal scenario provided that they have the capital to take them forward.
I belive it will be te Busch Faimly that buys and runs the parks, One reason is the recent relocation of Busch Entertainment to Orlando. When go thru all the trouble of moving your Entertainments Head Quarters, When your Planning on selling the whole thing? And Both Sea World Orlando, And Africa are located in Fl. And both are year round operations. Most of this makes sense if one just seats back and gives it a think. And If one takes note the Berwery Tour at Africa was removed to make way for Kuwnza roller coaster. And more money is being invested in both parks to add more attractions. So everyone do the math...Grant money for animal conservation, year round operations. And another question did Busch sell its interest in Sergrams Group?
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