MTK Global has ceased operations.
Daniel Kinahan, the founder of MTK global, was hit with sanctions by the Treasury Department. The sanctions were handed out due to the Kinahan Organized Crime Group. Allegedly, the group has been involved in crimes such as murder, narcotics trafficking, money laundering, and firearms trafficking.
MTK Global Ceases Operations
In a statement, MTK Global announced its shutdown and insisted that Kinahan has had no involvement with the promotion dating back to 2017:
“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 Global 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. Further announcements will be made in due course.
“Thank you to all fans who have supported us over the last decade.”
The Treasury Department has offered a $5 million reward for anyone with information leading to the arrest of Daniel Kinahan.