Drugs smuggler Daniel Kinahan is to go back from boxing “to focus on other interests”, the president of the management business he co-founded has stated.
The news comes after it was revealed recently that Kinahan will play no more function in working out a two-fight offer between heavyweight champ Tyson Fury, who Kinahan advises, and competing Anthony Joshua.
Kinahan, who according to the Irish High Court, manages a vast global drug and arms smuggling network, was also just recently dropped as a consultant to KHK, a sports business owned by a Bahrani prince.
The moves were announced following a reaction after Fury’s statement that Kinahan was instrumental in working out the 2 fight deal with Joshua, which is considered as among the most awaited bouts in modern boxing history.
MTK President Bob Yalen said, in remarks to the sports news website The Athletic, that the Dublin guy, who has no previous convictions, is stepping far from the sport.
” Daniel’s going to be requiring time far from the sport to concentrate on other interests and ideally this will put a stop to the unfavorable press from Ireland that’s based completely on rumor,” he said.
” And it’s unfortunate for his fighters that he’s taking this step back. But I respect his personal choice.
” He wants to do what’s right for the sport, he loves the fighters.”
Kinahan co-founded MTK, which was then known as MGM, with his then business-partner Matthew Macklin in Marbella, Spain in 2012.
MTK stated it cut ties with Kinahan in 2016, quickly after he was targeted in the Dublin Regency Hotel shooting which left his friend David Byrne dead.
Nevertheless, Kinahan has preserved close ties to the management company because and advises many of its fighters, consisting of Fury, Billy Joe Saunders and Darren Till.
The news of Kinahan’s involvement in the Fury-Joshua battle was consulted with anger by Irish politicians, including Fine Gael TD Neale Richmond. Mr Richmond welcomed the current advancement on Monday however expressed some scepticism about Kinahan’s future objectives.
” These reports, if real, are exceptionally welcome. Daniel Kinahan should have no role in boxing at any level and those included with the sport must be totally aware of precisely who he is based on years of anguish loaded on the streets of Dublin.
” Regrettably, it is tough not to be cynical and we need to see absolute clarity that he is in no way included, directly or indirectly.”