Timeshare mogul David Siegel buys Orlando Predators

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ORLANDO, Fla. - The Orlando Predators Arena League Football team has a new owner.

David A. Siegel, founder and CEO of Westgate Resorts, has purchased the team, according to officials with the Amway Center.

The acquisition means the team will return to playing at the Amway Center in downtown Orlando starting with the 2015 season.

In the press release Siegel said, "The Orlando Predators is a great football franchise and I look forward to helping them to remain highly competitive for years to come.

The Predators, about to enter their 25th year in the Arena Football League, have been in 20 playoff games. They have won seven division titles and won league championships in 1998 and 2000.

Channel 9's Joe Kepner will have more on this story on Eyewitness News beginning at 4 p.m.