MTK Global to cease operations at the end of the month following Daniel Kinahan allegations

MTK Global have released a statement following the sanctions made by the US Government.

Kinahan, a man who has advised Fury in the past, was last week named as being a head of the Irish Kinahan crime gang and hit with worldwide financial sanctions by the United States government who have offered a five million US dollars (£3.84m) reward for information on the group leading to the arrest and conviction of its leaders.

Kinahan, who has always denied any wrongdoing, is alleged to be one of the leaders of a cartel the US authorities accuse of smuggling drugs, money laundering and bringing violence to "the most vulnerable in society".

MTK Global have worked with some of the biggest names in British boxing, including Billy Joe Saunders, Carl Frampton and Fury.

"As a business we have faced unprecedented levels of unfair scrutiny and criticism since the sanctioning by the US Government of Daniel Joseph Kinahan," an MTK Global statement read.

"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. Further announcements will be made in due course.

"Thank you to all the fans who have supported us over the last decade."

More to follow.

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