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Boxing management company MTK Global to cease operations following sanctions on founder Daniel Kinahan

MTK Global, the renowned boxing management company have official revealed during the Tyson Fury vs Dillian Whyte press conference that they are going to cease all their operations following the sanctions imposed on the founder Daniel Kinahan by the United States Government.

MTK Global founder Daniel Kinahan is alleged to be involved in drug smuggling and money laundering

Last week, Daniel Joseph Kinahan was discovered as one of the leaders of the infamous Irish Kinahan crime gang, and the US Govt has slapped a worldwide financial sanction on him, as well as offered a reward of $5million (£3.84m) for any info that can aid in capturing the gang’s leaders.

Kinahan, who has been rejecting any allegations coming toward him, was accused of being in charge of a drug cartel responsible for drug smuggling, money laundering, and several other crimes by the US authorities.

Now, during the press conference of the upcoming heavyweight title unification fight between Tyson Fury and Dillian Whyte on 23rd April, MTK Global released an official statement to state that they are ceasing all operations.

“As a business we have faced unprecedented levels of unfair scrutiny and criticism since the sanctioning by the US Government of Daniel Joseph Kinahan. It is a matter of public record that Mr Kinahan’s involvement in MTK ceased in 2017, and despite repeated reassurances in this regard, unfounded allegations about his ongoing association with us and our fighters persist. Since leading promoters have now informed us that they will be severing all ties with MTK and will no longer work with our fighters, we have taken the difficult decision to cease operations at the end of this month,” the statement read.

“MTK prospered because we always put the long term interests of our fighters at the heart of what we do. Our priority in the weeks ahead will be to ensure that our world class boxers are supported to find new partnerships as swiftly as possible. MTK gyms are operated independently so will remain open for the foreseeable future. Further announcements will be made in due course. Thank you to all the fans who have supported us over the last decade,” the statement added.
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