MTK will cease operations at the end of this month.
MTK Global, the boxing management company, is "to cease operations" by the end of the month following the recent sanctioning of its founder Daniel Kinahan by the United States government.
A statement from MTK Global, which was released during a press conference promoting the upcoming title fight between Tyson Fury and Dillian Whyte at the weekend, read: "As a business, we have faced unprecedented levels of unfair scrutiny and criticism since the sanctioning by the US Government of Daniel Joseph Kinahan.
https://twitter.com/SportsJOEdotie/status/1516787077043691522
"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.
"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."
https://twitter.com/MTKGlobal/status/1516776134054236161
Kinahan, who denies any wrongdoing, has been named in the High Court as the controller and manager of the Kinahan crime organisation. He has been listed on an Office of Foreign Assets Control (OFAC) list, which is a list of the US Treasury Department.
The United States government have offered a $5million (£3.84m) reward for information on the group leading to the arrest and conviction of its leaders.
Fury recently insisted that the sanctions against Kinahan are "nowt to do with me" and stated he has "absolutely zero" business with him.
