MTK Global, the boxing management company founded by suspected Irish gangster Daniel Kinahan, has gone out of business.
The group – which represents more than 200 fighters – announced on Wednesday that it was closing its doors at the end of the month after what it called “unfair scrutiny” since the US government sanctions against Kinahan. The Irishman has no criminal convictions and has always denied any wrongdoing.
The statement read: “As a company, we have faced unprecedented levels of scrutiny and unfair criticism since the US government sanctioning of Daniel Joseph Kinahan.
“It is common knowledge that Mr. Kinahan’s involvement with MTK ceased in 2017, and despite repeated assurances in this regard, unsubstantiated allegations regarding his continued association with us and our fighters persist.
“Since major promoters have now informed us that they will be severing all ties with MTK and no longer working with our fighters, we have made the difficult decision to cease operations at the end of this month.
“MTK has thrived because we always put the long-term interests of our fighters at the heart of what we do. Our priority in the coming weeks will be to ensure that our world-class boxers are supported to find new partnerships as quickly as possible.
“MTK Gyms are independently operated and will therefore 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 past decade.