MTK Global, the boxing management company co-founded by alleged crime boss Daniel Kinahan, has ceased operations.

High-profile figures in the boxing world have been urged to cut ties with Kinahan, the alleged ringleader of an Irish organised crime gang, after being sanctioned by the US government.

In April, the US government announced a $5m (£3.8m) reward for information leading to the arrest or conviction of the leader of the Kenahan criminal cartel.

Keenahan has consistently denied any wrongdoing.

In 2021, Tyson Fury thanked Keenahan for helping organize a high-profile bout with then-world champion Anthony Joshua that ended in failure.

and sky sports news On Tuesday, Fury said Keenahan’s U.S. government sanctions were “none of my business” and that his only focus was the upcoming world heavyweight bout with Dillian White.

In a statement released Wednesday, three days before Fury’s confrontation with White, MTK Global said: “Since the U.S. government sanctioned Daniel Joseph Keenahan, we have faced unprecedented levels of unfair scrutiny and criticism as a business. .

“Public records indicate that Mr. Kinahan ceased his involvement with MTK in 2017, and despite repeated assurances in this regard, unfounded allegations of his continued ties to us and our fighters persist.

“We have made the difficult decision to cease operations at the end of this month as the main promoters now inform us that they will cut all ties with MTK and will no longer work with our fighters.

“MTK has prospered because we have always put the long-term interests of our boxers at the heart of what we do. Our priority in the coming weeks is to ensure that the world-class boxers who support us find new partners as quickly as possible.

“MTK Stadium is independently operated and will therefore 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 past ten years.”