5 things to know about new Preds owner David Siegel and his plans for the team
By Alicia Delgallo, Orlando Sentinel | |
McClatchy-Tribune Information Services |
"The Queen of
A lot has happened since then. Most recently, Siegel, 79, purchased the
--1. After the credits rolled, things got better
The film ended with the mansion abandoned and Siegel's company,
"As Mark Twain said, 'The rumors of [my company's] demise have been greatly exaggerated,'" Siegel said. "In
"We all did. Now that we've changed our way of doing business, not being as dependent on financing, we're growing faster than we ever grew before and making more money than we ever did before."
Siegel went on to say the mansion is paid off and should be done in two years.
--2. Work is his only hobby
No fishing or weekends on the greens for Siegel. Other than family -- Jackie and 14 children -- work is his only focus.
When Siegel first visited the
Siegel's first job was as a paperboy when he was 4. He also had stints as a TV repairman and a deputy sheriff after leaving the
He launched
--3. He's been a Preds fan for 23 years
Oh, and hot dogs are his favorite part of games.
"Back then, they sold more beer per capita than any other sporting event in
"These [players] aren't millionaires hitting each other. These are hard-working guys really trying to establish themselves so they can go onto greater things."
--4. Terms of the Preds' new contract with Amway
Moving the Preds from
The new contract won't be final until
A three-year contract covering 2015-17.
The Preds agree to pay the city
For the first two years, all concession money will be split 50/50 between the city and the team. The third year 60 percent goes to the city and 40 percent to the team.
The Preds will have third priority when scheduling home games, behind the Magic and the Solar Bears.
The city gets parking revenue.
The team will need to comply with the advertising rights in the Orlando Events Center Use Agreement and the first amendment between the Magic and the city.
--5. The
Siegel has no plans to shut down the team, move it anywhere other than to Amway Center or change its name.
"I did think once about calling it the Orlando Westgaters," Siegel said, jokingly. "The Preds name has been around for 23 years and people kind of know it. When you have a name that's recognized, you keep it.
"The only moves we're making are up and down the field."
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