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New MTK CEO says Daniel Kinahan is stepping away from boxing

Daniel Kinahan, who has been named by Irish courts, politicians, and media outlets, as the acting boss of the Kinahan Criminal Organization (a $1 billion narcotics and weapon trafficking outfit) is reportedly stepping away from the sport of boxing.

Prior to this announcement Kinahan, and some of boxing’s elites, seemed intent on transforming his image from reported mobster to one of the sport’s top power brokers.

The news of Kinahan’s withdrawal from boxing came from new MTK Global CEO Bob Yalen who spoke to The Athletic. Yalen told that outlet that Kinahan was doing, “what’s right for the sport” in order to avoid negative headlines.