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CEO of Snapdragon Stadium’s Management Company Indicted for Alleged Bid-Rigging

AUSTIN, TEXAS, JUL 11 – Tim Leiweke faces charges under the Sherman Act for allegedly eliminating competition in Austin's Moody Center bid, with Oak View Group paying $15 million in penalties, officials said.

The CEO of the company that manages Snapdragon Stadium and proposed building an adjacent arena on the Mission Valley property has been indicted by a federal grand jury on antitrust charges for allegedly rigging the bid process for a similar project at the University of Texas. Tim Leiweke, who co-founded the Oak View Group in 2015, stepped down as CEO after the Department of Justice announced the indictment Wednesday, although he’ll serve as a vi…

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Business Report broke the news in on Thursday, July 10, 2025.
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