US court has awarded US-based boxing promoter damages against Kinahan and MTK and now US lawyer Eric Montalvo must work out a way to enforce judgment
’s cash after securing a $9.7 million order against him in California courts is working to identify which assets can effectively be seized in a timely manner.
Judge John W Holcomb of District Court of California ruled in favour of Heredia, deciding Kinahan must pay $9.7 million in damages. Though the objective of the exercise is now to secure the money, Montalvo’s legal work over the last four years has given him insight into how Daniel Kinahan operated MTK and why he moved into boxing.
In a social media post, a delighted Fury described it as the “biggest fight in boxing history”. “Big shout out Dan, he got this done, literally over the line. Two fight deal; Tyson Fury versus Anthony Joshua next year.” “The contracts they were engaged in were zero per cent contracts,” Montalvo told The Irish Times of Kinahan when he ran MTK. “When they contracted the fighters, to be their advisers and whatever they said they were doing, they would do it for no money,” he said, adding very significant signing fees were also paid to the boxer.
“And if you go back to acquisition strategy, they were scooping up everybody, everybody. They were on a tear. They had run through Barry McGuigan’s fighters, into South America and into the US. So they were on a mission to take over everybody. Where is all that money coming from?
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