MTK Global to cease operations in wake of sanctions against Daniel Kinahan

MTK Global continues to insist that it has had no direct involvement with Daniel Kinahan since 2017. File Picture

Boxing and MMA management company MTK Global has announced that it is ceasing operations, a week after the United States Treasury Department placed a $5m (4.6m) bounty on the head of its founder Daniel Kinahan.

The firm said it has faced "unprecedented levels of unfair scrutiny and criticism" since the announcement of sanctions against Kinahan, and that many leading promoters and sponsors have cut ties with it as a result.