Oak View Group CEO Tim Leiweke has been indicted on a federal criminal conspiracy charge related to allegedly rigging a bid to develop and operate the University of Texas’ basketball arena in Austin. Leiweke is accused of conspiring with another would-be bidder on the $338 million Moody Center arena project to induce that second company to drop out of the competition with Oak View Group. Oak View Group and sports venue giant Legends Hospitality agreed to pay $15 million and $1.5 million in penalties “in connection with the conduct alleged in the indictment,” the DOJ said. Legends is majority-owned by Sixth Street Partners, and its minority owners include the New York Yankees and the Dallas Cowboys.
Oak View Group CEO Tim Leiweke was indicted on a federal criminal conspiracy charge related to