Sports and entertainment mogul accused of making secret backroom deal in $338 million arena project

• Oak View Group co-founder Timothy Leiweke is facing 10 years in prison and a $1 million fine for allegedly reaching a secret backroom deal with the CEO of a competitor to land a sports arena contract for the University of Texas at Austin, authorities said on Wednesday. He has stepped down as CEO of Oak View, the company announced. A spokesperson for Leiweke said the executive has “done nothing wrong and will vigorously defend himself and his reputation for fairness and integrity.”

Timothy Leiweke...