Tim Leiweke

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Tim Leiweke
CEO of the Oak View Group (OVG)
In office
November 16, 2015 – Present
Preceded by Inaugural holder
CEO and President of MLSE
In office
April 26, 2013 – October 29, 2015
Preceded by Tom Anselmi
Succeeded by Michael Friisdahl
CEO and President of AEG
In office
1996 – March 14, 2013
Preceded by Inaugural holder
Succeeded by Dan Beckerman
Personal details
Born (1957-04-21) April 21, 1957 (age 61)[1]
St. Louis, Missouri, United States
Nationality American
Residence Los Angeles, California

Timothy J. Leiweke (born April 21, 1957) is an American sports executive who is the chief executive officer of Oak View Group. Leiweke was the former president and CEO of Maple Leaf Sports & Entertainment (MLSE) and former President and CEO of Anschutz Entertainment Group (AEG).[1] Leiweke held roughly a 4% stake in AEG as of 2012, and is well known for his relationship with notoriously reclusive AEG founder and Denver-based billionaire Philip Anschutz, whom he has known since the early 1990s.[2] Since November 2015, Leiweke has served as the CEO of the Oak View Group, "a global advisory, development and investment company for the sports and live entertainment industries".[3]

Anschutz Entertainment Group[edit]

Leiweke was President and CEO of Anschutz Entertainment Group (AEG), which owns the Los Angeles Kings, the Los Angeles Galaxy, part of the Los Angeles Lakers, the L.A. Live entertainment complex, as well as multiple sporting and entertainment venues around the world, such as the StubHub Center and the O2 Arena in London, which it manages.[4][5] In September 2012 it was announced that AEG would be put up for sale.[6] A deal for the privately owned group, reportedly worth up to $10 billion, was expected to be announced sometime in the first half of 2013.[7] On March 14, 2013 Anschutz announced that AEG was no longer for sale.[8] In an interview, Anschutz stated that he had recently become "reengaged" in the business and also suggested the company had failed to receive bids nearing the $8 to $10 billion asking price.[9]

On the same day it was announced the sale had been called off, it was announced Leiweke would be replaced as President and CEO by AEG executive Dan Beckerman, who previously has served as both chief operating officer and chief financial officer.[8][10] The change in leadership was attributed by some analysts as a reaction to the failure AEG experienced in attracting serious bidders during the sale process and its inability securing an NFL occupant for the Farmers Field, a proposed stadium next to L.A. Live.[11]

Maple Leafs Sports and Entertainment[edit]

Leiweke became President and CEO of MLSE on April 26, 2013. MLSE properties include the Toronto Maple Leafs of the NHL, the Toronto Raptors of the NBA and Major League Soccer team Toronto FC, as well as multiple sport and residential properties such as the Air Canada Centre, Ricoh Coliseum, and Maple Leaf Square. During his tenure, Leiweke assumed residence in Toronto, Ontario, Canada.[12] Rogers Communications and Bell Canada own a combined 75% of MLSE. He was integral in the signings of Toronto FC designated players Michael Bradley, Jermain Defoe, and Sebastian Giovinco, as well as the hiring of Maple leafs president Brendan Shanahan and Toronto Raptors president Masai Ujiri.

On August 21, 2014, Leiweke announced that he would be leaving MLSE and would remain in his role until June 30, 2015 or until MLSE had named his successor.[13] Leiweke ultimately left MLSE on October 29, 2015 after the appointment of Michael Friisdahl as his successor.

Oak View Group[edit]

On November 16, 2015, Leiweke & his business partner, Irving Azoff, founded the Oak View Group (OVG), a Los Angeles-based "global advisory, development and investment company for the sports and live entertainment industries".[3] Leiweke serves as OVG's CEO.[14]

On December 4, 2017, the Seattle City Council voted 7–1 to approve a memorandum of understanding with the Oak View Group,[15] for renovations of KeyArena. Renovations for the arena are proposed to begin in 2018 and be fully completed in 2020.[16] While the renovations are intended for acquiring an NHL franchise, acquiring a new SuperSonics basketball team were also within the design of the approval.

On December 7, the NHL's board of governors agreed to consider an expansion application from Seattle, with an expansion fee set at $650 million.[17] The Seattle ownership group is represented by David Bonderman and Jerry Bruckheimer, who will conduct a preliminary season ticket drive to gauge interest in Seattle.[18] On February 20, Mayor Jenny Durkan launched an NHL campaign during her State of the Union and announced that the Oak View Group would be initiating a season ticket drive on March 1, 2018.[19]

Personal life[edit]

Leiweke is married to Bernadette. They have one daughter, Francesca, who is married to Troy Bodie, a pro hockey scout and former player in the Toronto Maple Leafs organization.[20] As of 2016, Francesca serves as Vice President of business development for her father's company, the Oak View Group.[14]

Tim's younger brother, Tod Leiweke, is currently the chief operating officer of the National Football League since 2015.

References[edit]

  1. ^ a b "A closer look at Tim Leiweke". The Globe and Mail. Toronto. April 27, 2013. 
  2. ^ "The Man Who Owns L.A." The New Yorker. Retrieved 23 May 2017. 
  3. ^ a b "Tim Leiweke and Azoff MSG Entertainment Join Forces to Launch the Oak View Group (OVG)". Globe Newswire. November 16, 2015. Retrieved December 3, 2016. 
  4. ^ A CONVERSATION WITH TIM LEIWEKE - Moving Toward a United State, LA Times, Nov 14, 2004
  5. ^ "sports Illustrated, July 17., 2007". cnn.com. Retrieved 23 May 2017. 
  6. ^ Fixmer, Andy (September 19, 2012). "Phil Anschutz to Sell L.A.-Based Live-Event Promoter AEG". Bloomberg. 
  7. ^ Vuong, Andy (December 6, 2012). "Bids for Phil Anschutz' AEG reportedly due Friday". Denver Post. 
  8. ^ a b Vuong, Andy (March 14, 2013). "Anschutz says AEG no longer up for sale". Denver Post. 
  9. ^ Dickerson, Marla; Hamilton, Walter (March 14, 2013). "Philip Anschutz says he decided to 'reengage' in AEG management". Los Angeles Times. 
  10. ^ Lopez, Ricardo (March 14, 2013). "Meet new AEG chief executive Dan Beckerman, longtime finance man". Los Angeles Times. 
  11. ^ Svaldi, Aldo (March 15, 2013). "Anschutz ends AEG sale as offers fall short". Denver Post. 
  12. ^ Elliot, Helene. "Tim Leiweke tapped to lead Canadian sports conglomerate", The Los Angeles Times, 27 April 2013. Retrieved on 29 April 2013.
  13. ^ Zwolinski, Mark (August 21, 2014). "Tim Leiweke to leave MLSE by June 30, 2015". Toronto Star. Retrieved August 21, 2014. 
  14. ^ a b "Our Executive Team – Oak View Group". www.oakviewgroup.com. Retrieved 23 May 2017. 
  15. ^ "KeyArena MOU approved by Seattle City Council; will NHL announcement soon follow?". The Seattle Times. December 4, 2017. 
  16. ^ "KeyArena renovation wins approval from Seattle City Council". KING-TV. December 4, 2017. 
  17. ^ "Bettman says NHL will consider Seattle expansion bid". USA Today. December 7, 2017. Retrieved December 7, 2017. 
  18. ^ Rosen, Dan (December 7, 2017). "Seattle can begin NHL expansion process". National Hockey League. Retrieved December 9, 2017. 
  19. ^ "BREAKING: Seattle Mayor Jenny Durkan kicks off a campaign for NHL expansion". Sonics Rising. Retrieved 2018-02-21. 
  20. ^ "Toronto Maple Leafs hopeful tells father-in-law Tim Leiweke — 'in the nicest way possible' — not to make decisions on his hockey career". nationalpost.com. Retrieved 23 May 2017. 

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