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ASM Global Sale Finally Closes After Legends Agrees to Pay $3.5M Civil Fine for Antitrust Violations
The ASM Global sale closed after buyer Legends paid a $3.5 million fine for antitrust violations during the government's review of the deal.
In August 2023, Legends officials again allegedly violated DOJ rules that the two firms act as separate companies when they bid for a contract in North Carolina to manage an existing entertainment complex. Global investment firm Sixth Streets owns majority control of Legends, with minority stakes held by subsidiaries of the New York Yankees and Dallas Cowboys. Founded in 2008, Legends now has 400 clients under management including Allegiant Stadium in Las Vegas, Caesars Superdome in New Orleans and OVO Arena Wembley in London.
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