Six Flags Erased Snyder's Investment

In 2005, former Washington Commanders owner Dan Snyder took control of Six Flags after winning a proxy fight, although he never owned the entire company. He became chairman, installed new management, and tried to make the parks more family-friendly. Despite operational improvements, Six Flags remained crushed by $2.4 billion in inherited debt and $175 million in annual interest expenses. The company filed for Chapter 11 bankruptcy in June 2009, wiping out Snyder's equity stake before he left the board in 2010.

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