Former AEG president and CEO Tim Leiweke has linked up with music manager Irving Azoff to form Oak View Group, an advisory and investment firm that will help sports teams and arenas make more money from live entertainment.

Leiweke will leave his position as CEO of Maple Leaf Sports & Entertainment to become CEO of Oak View, while Azoff (pictured) will serve on its board. Both have invested in the company and are seeking outside investment.

Oak View is aiming ...