MTK Global has announced it will cease operations just over a week after the US government imposed sanctions on Daniel Kinahan.
The company says it made the decision after promoters told them they would no longer work with their fighters.
MTK made the announcement as the press conference for Tyson Fury and Dillian Whyte took place in London ahead of their WBC world heavyweight title fight at Wembley this weekend. It will cease operations at the end of the month.
READ MORE: Tyson Fury walks out of Sky Sports interview after Daniel Kinahan questions
It read: "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."
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