Matthew Macklin hails big-money MBI of MTK Global as great news for boxing.

An external management team has this weekend completed a MBI of MTK Global. The deal includes a large up-front investment and an overhaul of the current management structure.

The personnel changes are effective immediately. MTK Global co-founder Matthew Macklin will remain in place in an advisory role.

“This is fantastic news for everyone concerned with MTK Global,” says Macklin. “We have grown so rapidly in the previous five years and I knew it was time to allow the right people with the necessary expertise to take the company forward onto the next level.”

“The new team are coming in, investing a lot of money and have some fantastic ideas on how to expand the business and grow the brand. It is great news for MTK and for boxing in general.”

“I wouldn’t be comfortable handing MTK over to just anyone, but I know our fighters are in very safe hands.”

Further announcements on the new management personnel will follow shortly.