MTK Global have announced that they will cease operations at the end of the month after the sanctioning by the US Government of Daniel Kinahan caused leading promoters to severe ties with the company.
MTK Global say that “unprecedented levels of unfair scrutiny” have forced them to put an end to their everyday running despite insisting that Kinahan has not been involved in the business since 2017.
Tyson Fury, who has been pictured with Kinahan in the past, has told the media in the run up to his bout against Dillian Whyte that he has had no involvement with Kinahan since the breakdown of his plans to fight Anthony Joshua.
MTK Global said: “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.
“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.”