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Having made his fortune in the health care industry, Donald Dizney served as a limited partner in the Tampa Bay Bandits during that franchise's first two seasons. When Washington Federals chairman and CEO Berl Bernhard sought to get out of the USFL after two disastrous seasons in the nation's capital, Dizney bought the team and relocated it to nearby Orlando, rechristening the franchise the Orlando Renegades.
The Renegades planned to be one of the teams that took on the NFL in the fall of 1986, but fate intervened and the Renegades fell with the rest of the USFL. Dizney returned to his health care business, and took a greater interest in horse breeding, serving as President of the Florida Thoroughbred Breeders and the owner of Double Diamond Farm.