TSN – CP – Former MLSE head Leiweke indicted over arena scheme
Sources said that the DOJ’s antitrust department is also expected to announce “non-prosecution agreements” with Legends Hospitality and OVG. Legends is expected to pay a $1.5M penalty; OVG is expected to pay a $15M penalty.
Sports Business Journal – DOJ accuses Leiweke of Moody Center bid rigging
The government claims that Leiweke, while in the midst of bidding in 2017 and 2018 to build the Moody Center at the University of Texas in Austin, entered into an agreement with another potential bidder for the rival to drop its independent proposal. Leiweke was to provide lucrative subcontracts in return, but the indictment claims that he and OVG reneged on that promise.
Sports Business Journal – Bret McCormick – OVG’s Leiweke steps down as CEO after indictment
Phil has a question:
How many billions are overpaid when the municipalities, states, provinces and federal governments are just happy to get the projects done.
Phil M. Stockmen
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