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Bob Arum reveals he paid $4 million to Daniel Kinahan who told him he’d done “bad things”.

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Boxing promoter Bob Arum has revealed how Daniel Kinahan admitted to him that he’s “done some bad things in my life” but wants to move on from that life.

The head of advertising firm Top Rank said he paid Kinahan, who is now facing massive sanctions by the US government, more than $1 million for each of the four fights involving fighter Tyson Fury.

The veteran promoter, who founded Top Rank in Las Vegas and is now its chairman, told Yahoo Sports that he paid Kinahan “at least a million” in each of four fights against Deontay Wilder, twice Tom Schwarz and Otto Wallin in 2019 until 2021.

The fights between Fury and Wilder were each for the WBC heavyweight title.

The other two fights were non-title fights, while the Fury’s forthcoming title defense on April 23 in London against Dillian Whyte is being organized alongside Frank Warren’s Queensbury Promotions.

Arum said the money for the Fury fights was paid to a company called Hoopoe Sports Agent, which is registered in Dubai, United Arab Emirates.

Arum described the payments as consulting fees owed to Kinahan. The deals for the Fury fights were put together by Harrison Whitman, the former general counsel of Top Rank who is now the chief strategy and legal officer of a new boxing promotions firm called Probellum.

However, Arum said this week he would end all business dealings with the gangland boss after the US government imposed extraordinary sanctions on the cartel.

“Kinahan called me and we had a long chat,” Arum told Yahoo Sports. “He has kids and he said he wanted to get out of this other stuff. He said to me, ‘Bob, I’ve done some bad things in my life. I admit.

“But I’m not involved anymore. I’m just trying to clean up my life and be a legitimate businessman.’ I wasn’t involved in any of the things he might have done before and he told me he wouldn’t do anything.

But Arum said the relationship began to change when Kinahan started using bullying tactics. At the same time, he heard that Kinahan might still be involved in questionable activities.

Arum said it was at this point that his company had begun to distance itself completely from him.

“There came a time when we discovered that he might still be involved in some nefarious activities,” Arum said. “That was enough for us.”

The 90-year-old said he will comply with the US government’s mandate regarding dealings with Daniel Kinahan.

On Monday, the US Treasury Department’s Office of Foreign Assets Control issued a press release detailing the sanctions against Kinahan, his father Christopher Snr and brother Christopher Jnr, and other members of the “Kinahan Organized Crime Group (KOCG)” for their criminal activities explained in detail”.

A US government official quoted in the press release noted that KOCG smuggles drugs into Europe, launders money and commits murders as part of its criminal enterprise.

The 90-year-old, who was a US Department of Justice attorney during the Kennedy administration, told BoxingScene.com Tuesday that his boxing company Top Rank Inc. had ended all business with Kinahan.

He made it clear that neither he nor anyone else employed by Top Rank will have any further business with Kinahan, who is an adviser to two of Top Rank’s most prominent boxers – WBC heavyweight champion Tyson Fury and fully unified junior welterweight -Champion Josh Taylor.

Mr Arum, Tyson Fury’s co-promoter, told Newstalk Breakfast this week he would cut all ties with Mr Kinahan.

“Honestly, I was very surprised because I didn’t know the United States was involved in this activity – so it really surprised me.”

“I was surprised because I had no idea it was going to come down that there was any kind of US involvement here.

“I knew all the allegations from the Irish side – the Irish media and all that – but I didn’t even consider that the US would be involved.”

When asked if he stood up to comments he made in June 2020 calling Daniel Kinahan an “honorable man,” he said, “Well, no.

“I cannot and will not discuss his dealings with us – but when my government makes a statement as it has, I, as a law-abiding citizen of the United States, have no choice but to abide by their resolve.”

Mr Arum says he has not spoken to Mr Kinahan for several months.

“I haven’t spoken to him … it’s been at least two months and it could be three — we haven’t communicated.”

He added: “Due to my government’s position, I cannot deal with him in the future.

“Unless something obviously changes dramatically, which I cannot foresee, I will not do business with Kinahan based on these claims by my government.”

In a previous interview with BoxingScene.com, Mr Arum said: “We are a United States company, we are United States citizens. Our government made this decision. We will follow our government. Point. End of the story .

“It means you can’t do business with the guy and you have to obey orders from the authorized representatives of the government. Either you are on board or you are not on board.”

Arum also noted that Top Rank may not be related to MTK Global, which was founded in 2012 by Kinahan, who later served in an advisory capacity for that company.

“The lawyers are looking into this,” Arum said. “These are serious issues that need to be investigated because obviously MTK appears to be (an entity) that he is involved with. And in this case, dealing with them is a no-no.”

https://www.independent.ie/irish-news/crime/bob-arum-reveals-he-paid-4m-to-daniel-kinahan-who-told-him-he-had-done-bad-things-41557015.html Bob Arum reveals he paid $4 million to Daniel Kinahan who told him he’d done “bad things”.

Fry Electronics Team

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