Sports and entertainment Mogul is accused of making a secret rear deal in the $ 338 million Arena project

According to the Department of Justice, Leiweke’s colleague in 2017 claimed to find a way to get a “back” for the offer of OVG’s opponent’s arena project. In February 2018, Leiweke, Leifends’s hospitality, the opponent’s leadership was allegedly agreed to stop the project. In return, Leiweke said that the CEO of not disclosed legends by the doj, said that OVG will give them some work with subcontracting. He left OVG as the only plaintiff for the development agreement.

Authorities called the “Tender proposal” and called the “Tender offer”, and that this was allowed to establish a high-income contract without a competitive process. The arena was opened in 2022, and the authorities said that the OVG continues to receive “significant income” from the project so far. Ovg, both of the hospitality, both in connection with the behavior of the indictment against Leiweke “will pay $ 1.5 million, and they both agreed to pay $ 15 million.

Antitrest Distribution, violating leiweke is charged Section 1 by ShermanThis falsify the legal offer. The maximum penalty is sentenced to 10 years in prison and a crime of $ 1 million, although the criminal has twice as high as the maximum losses or twice increased losses, the authorities are maximum. Criminal punitive According to the Federal Trade Commission, a corporation is up to $ 100 million. OTG was not charged.

“Timothy Leiweke has led a scheme designed to manage the contract for entertainment services in the Arenon, the Arena of the Society, the FBI,” said FBI, “said FBI in the New York field” FBI, to ignore the principles of fair competitions. determined to ensure that our communities and public institutions do not benefit from a proposal process targeted. “

Wednesday, OLG declared Leiweke refuses to cross the role of CEO and the president in the board. The company is the world’s largest sports and vibrant entertainment venues and is built in 2015 by Leiweke and Irving azoff. The last, Backetmaster Entertainment and Executive President is the CEO Live nation fun. Hundreds of OVGs have 30,000 employees and have done more $ 5 billion To develop new arenas in the next three years.

A spokesman for Leiweke will protect the veteran Execi “do not do anything wrong and maintain a worthy prestige for justice and integrity.”

“The allegations of the antitrust section are wrong and the facts should be not brought,” he said, “said Leiweke’s spokesman. “The law is clear: as a vertical, complementary business partnership, as a thoughtful and thoughtful among the legends, it is legal. These allegations are trying to increase the overall team efforts to increase the competition and proven to benefit the public.”

In the other statementLeiweke said he was glad that the company was resolved by the DOJ request without accepting any charges or incorrect.

“What I want to do is distracting the success of the team or distracted from the fulfillment of our partners, so I decided to have the necessary time to implement the consistency plan from the role of the CEO,” he said, “Leiweke said. “In my new role as the deputy chairman and a OVG shareholder, I remain as I remain in the company’s long-term success and I know, our valuable partners and our customers are in their hands with our leaders.”

Oak View Group said a statement He fully cooperated with the doj’s survey and was resolved on the charges against the OVG.

“We support all efforts to ensure a fair and competitive environment in our industry and are committed to protecting the leading compatibility and disclosure of the industry,” Ovg said.

Legends did not respond immediately to comment.