MTK Global announces it will cease operations

MTK Global, a boxing promotion and management company co-founded by Daniel Kinahan, has announced it will cease operations at the end of the month.

In a statement issued on their website, they claimed "leading boxing promoters have now informed us that they will be severing all ties with MTK and will no longer work with our fighters".

They added their gyms will remain open for the foreseeable future, claiming they operate "independently".

Last week MTK Global released a statement promising to "take every measure to ensure" it complies with US sanctions and conduct no business with Daniel Kinahan in future.

Daniel Kinahan, who has been named in the High Court as the controller and manager of the Kinahan crime organisation, has been placed on an Office of Foreign Assets Control (OFAC) list, which is a list of the US Treasury Department.

MTK stated that Kinahan has had no involvement in the company since 2017, when the co-founder parted ways with the company.

Today's statement by MTK Global claims that "as a business we have faced unprecedented levels of unfair scrutiny and criticism since the sanctioning by the US government of Daniel Joseph Kinahan".

They added that "unfounded allegations about his ongoing association with us and our fighters persist".

In 2020, MTK released a statement welcoming a partnership with Kinahan and the Dubai-based KHK Sports, which had appointed the Dubliner as a special advisor a week earlier.

In the 2020 press release from MTK, Kinahan was quoted as saying: "This is a monumental move for KHK Sports and MTK Global. Both organisations have been making substantial waves in the international combats sports landscape and combined, the sky is the limit in what they can achieve."

In May 2020, former MTK CEO