ORLANDO, Fla. -- The Orlando Predators Arena Football League team doesn't have a new coach, but several new owners.

Tuesday morning, the owner announced that several local big wigs have put up big bucks to buy in.

The Arizona-based owner sold off shares to 22 local investors, including Lou Pearlman, who founded 'NSync and the Backstreet Boys.

The Predators wouldn't say how much the shares cost, but insiders say many put up seven-figures for a piece of the action.

This was done to try to generate more local interest from the business and fan community.

ORLANDO, Fla. -- The Orlando Predators Arena Football League team doesn't have a new coach, but several new owners.

Tuesday morning, the owner announced that several local big wigs have put up big bucks to buy in.

The Arizona-based owner sold off shares to 22 local investors, including Lou Pearlman, who founded 'NSync and the Backstreet Boys.

The Predators wouldn't say how much the shares cost, but insiders say many put up seven-figures for a piece of the action.

This was done to try to generate more local interest from the business and fan community.

 Originally seen at WFTV Sports