Boxing Management Company Ceases Operations
A prominent boxing management company announced this week that it has ceased operations. MTK Global will no longer be trading in the business space.
Founded in 2012, the MTK website has already been shut down.
Many world class fighters have been urged to distance themselves from the brand, as it has been linked to dark elements, and consequently targeted by international authorities.
In 2021, Tyson Fury thanked MTK Global for helping to organise the biggest fight in British boxing history with then world champion Anthony Joshua.
Fury has since commented that behind the scenes business at MTK Global had nothing to do with him or his team. He is now focussing on his upcoming world heavyweight fight with Dillian Whyte.
MTK published a press release regarding their decision to cease operations. American lawyer and boxing promoter Bob Arum has completely removed himself from all things MTK.
The company believes there has been “unprecedented levels of unfair scrutiny and criticism” after the United States government enacted worldwide sanctions.
MTK signed a stable of world class fighters, including Tyson Fury, Billy Joe Saunders, Josh Taylor, Carl Frampton, Terry Flanagan, Charlie Edwards, Rocky Fielding, Hughie Fury, Michael Conlan, Paddy Barnes, Jamel Herring, and Amansio Paraschiv.
In December 2020 a racketeering summons was served to MTK Global in the United Arab Emirates by United States law firms.
MTK’s management has to file a response with the United States District Court for the Central District of California or face judgement being entered against them by default.