Sports and entertainment mold accused of conducting a secret deal in the square project of $ 338 million

According to the Ministry of Justice, Leck told colleagues in 2017 that he wanted to know a way to get the OVG competitor to decline in giving bids to the square project. In February 2018, Leck concluded a deal in which the competing CEO of Legends Hospitality agreed to find bidding to the project. On the other hand, it was claimed that Leck told the CEO of Legends, whose name was not revealed by the Ministry of Justice, that OVG would give them some actions through the interior contract. It left OVG as the only bidding for the development contract.

Officials launched the alleged deal “falsifying bids” and said that it allowed the company to hold accountable for a very profitable contract without a competitive operation in the length of the arm. The square was opened in 2022, and the authorities said that OVG continues to receive “large revenues” from the project so far. OVG has agreed to pay $ 15 million in penalties while Legends Hospitality will pay $ 1.5 million, “regarding the alleged behavior of the indictment against Leiweke”, the Ministry of Justice announced.

The anti -monopoly department accused Like of violation Section 1 Subordinate Sherman’s LawThat has bid falsification. The authorities said that the maximum prison sentence is 10 years in prison and a criminal fine of one million dollars, although it can be increased to poor profit from the alleged crime or poor losses incurred by victims if any of the maximum legal. Criminal penalty For a company up to $ 100 million, according to the Federal Trade Committee. OVG was not shipped.

The assistant director responsible for the FBI office said in a Christopher J. Raya in a statement: “It is claimed that Timothy Leck led a plan designed to direct the contract for entertainment services in the general university arena of his company. General contracts are subject to laws that require an open and competitive display process to ensure a level playing field.” “The FBI is determined to ensure that those who ignore the principles of fair competition do not benefit from the process of providing false bids targeting our societies and public institutions.”

Wednesday, OVG Declare Leiweke will abandon the role of the CEO and move to the role of Vice Chairman. The company is the largest developer of live sports and entertainment around the world, and was founded in 2015 by Leiweke and Irfing Azov. The latter is the former CEO of Ticketmaster Entertainment and CEO of Live National Entertainment. OVG has 30,000 employees across hundreds of places and committed more than 5 billion dollars To develop new squares in the next three years.

A spokesman for Leiweke said that the veteran Exec “has not made any mistake and will strongly defend himself and his reputation that he deserves in fairness and integrity.”

“The allegations of the Anti -monopoly department are wrong in law and facts, and the case should not be brought.” “The law is clear: the vertical and supplementary business partnerships, such as those stipulated in OVG and Legends, are legal. These allegations ignore starkly and steadfast legal legal and seek to criminalize joint efforts in cooperation that has been proven to enhance competition and benefit from the public.”

In another statementLeuk said that he was happy that the company has resolved the Ministry of Justice investigation without any charges or accepting violations.

“(R) is the last thing I want to do is to pay attention from the team’s achievements or focus away from implementation of our partners, so we now decided to be the appropriate time to implement the caliphate plan that was already ongoing and moving from the role of the CEO.” “In my new league as deputy chairman and as a contributor to OVG, I am still committed as it was always the long -term success of the company, and I know OVG and our valuable partners and our customers in their great hands with Chris and the rest of our stellar leaders.”

The Oak View Group said in a statement I collaborated entirely with the Ministry of Justice’s investigation and is pleased that the matter had been resolved without fees against OVG.

“We support all the efforts made to ensure a fair and competitive environment in our industry, and we are obligated to support compliance and disclosure practices in the industry.”

Myths did not immediately respond to a request for comment.