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3d ago

Justice Department Indicts Oak View Group CEO Over UT Arena Bid Rigging

He is accused of steering the University of Texas’s Moody Center bid to his company by arranging for a rival to withdraw in exchange for subcontracts.

The Moody Center, home of the Texas Longhorns, in Austin, Texas, on December 1, 2022.
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Overview

  • A federal grand jury indicted Tim Leiweke on July 9, 2025, charging him under Section 1 of the Sherman Act with orchestrating a conspiracy to rig the public procurement process for the Moody Center.
  • DOJ alleges that from early 2018 through June 2024, Leiweke conspired with a competitor’s CEO to induce the rival to drop out in return for promised subcontracts.
  • Oak View Group and Legends Hospitality resolved corporate liability through non-prosecution agreements requiring $15 million and $1.5 million in penalties, respectively.
  • The scheme resulted in Oak View Group submitting the sole qualified bid and winning the Moody Center contract, which opened in April 2022 and continues to generate revenue.
  • If convicted, Leiweke faces up to 10 years in prison and a criminal fine of at least $1 million, potentially increased to twice the gain derived or loss suffered.