MTK Global Statement: 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 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.
Bob Yalen Resigns As CEO Of MTK Global
We regret to announce that Bob Yalen has today stepped down as CEO of MTK Global for personal reasons.
We would like to thank him for all of his efforts on behalf of the business and his leadership of our team.
Bob Yalen said: “I am incredibly proud of the success of MTK Global and I feel privileged to have served as President and CEO since 2018.
“However, the pressure of the last few weeks has been particularly intense. I need to consider the impact on myself and my family. So after four years leading MTK, I think it’s time for me to step aside to take on new challenges.”
MTK Global will comply fully with the sanctions made by the US government against Daniel Kinahan.
MTK parted ways with Mr Kinahan in February 2017. He has had no interest in the business since then, and will have no future involvement with us.
MTK operates ethically, transparently and lawfully. We will cooperate fully with all authorities and assist with any ongoing investigations.