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Rory McIlroy and Horizon Sports Management settle golf court case | Rory McIlroy and Horizon Sports Management settle golf court case |
(about 2 hours later) | |
Rory McIlroy has settled a dispute with his former agent for what is understood to be well over $20m (£13m) plus costs. | |
The world's number one golfer had been suing Horizon Sports Management in a multi-million pound wrangle. | The world's number one golfer had been suing Horizon Sports Management in a multi-million pound wrangle. |
The period under dispute coincided with McIlroy's sponsorship deal with Nike, said to be worth about $100m (£66m). | The period under dispute coincided with McIlroy's sponsorship deal with Nike, said to be worth about $100m (£66m). |
In a joint statement on Wednesday, the two parties said the legal dispute had been "settled to the satisfaction of both parties". | In a joint statement on Wednesday, the two parties said the legal dispute had been "settled to the satisfaction of both parties". |
"We wish each other well for the future. The parties will be making no further comment," the statement said. | "We wish each other well for the future. The parties will be making no further comment," the statement said. |
McIlroy was not in court in Dublin when the settlement was announced, although he did appear briefly on Tuesday. | McIlroy was not in court in Dublin when the settlement was announced, although he did appear briefly on Tuesday. |
The golfer had complained that fees charged by Horizon were excessive. The Dublin firm counter-sued for outstanding fees, alleging breaches of contract. | The golfer had complained that fees charged by Horizon were excessive. The Dublin firm counter-sued for outstanding fees, alleging breaches of contract. |
From the Scene: Iain Carter, BBC Sport | From the Scene: Iain Carter, BBC Sport |
In the briefest of hearings, McIlroy's senior counsel Paul Gallagher stated the case had been settled. | In the briefest of hearings, McIlroy's senior counsel Paul Gallagher stated the case had been settled. |
The judge, Brian Cregan, congratulated both parties wishing them success for the future. | The judge, Brian Cregan, congratulated both parties wishing them success for the future. |
Yesterday, there were intense talks to hammer out the deal. | Yesterday, there were intense talks to hammer out the deal. |
Unlike yesterday, McIlroy wasn't in court, but Horizon boss Connor Ridge was - and he breathed a big sigh of relief when the case was officially settled. | Unlike yesterday, McIlroy wasn't in court, but Horizon boss Connor Ridge was - and he breathed a big sigh of relief when the case was officially settled. |
The High Court in Dublin was told that the row had been resolved following last-ditch negotiations between the star's lawyers and advisers and Conor Ridge of Horizon Sports Management. | The High Court in Dublin was told that the row had been resolved following last-ditch negotiations between the star's lawyers and advisers and Conor Ridge of Horizon Sports Management. |
The terms of the settlement were not detailed in court. But a source close to the case said the settlement was "far north" of $20m. | The terms of the settlement were not detailed in court. But a source close to the case said the settlement was "far north" of $20m. |
"It's in the public domain that the amount of money owing under the contract and the money likely to be generated from the the contract was $20m," the source said. | "It's in the public domain that the amount of money owing under the contract and the money likely to be generated from the the contract was $20m," the source said. |
Mr Ridge, who was flanked by supporters in the public gallery, hugged and kissed them after the announcement was made. | Mr Ridge, who was flanked by supporters in the public gallery, hugged and kissed them after the announcement was made. |
The two sides had been locked in talks for about 10 hours on Tuesday at the Four Courts complex in central Dublin, with McIlroy leaving at about 21:00 local time, without making any comment. | The two sides had been locked in talks for about 10 hours on Tuesday at the Four Courts complex in central Dublin, with McIlroy leaving at about 21:00 local time, without making any comment. |
When the case was called on Wednesday, Paul Gallagher, senior counsel for McIlroy, told the court: "The entire matter has been resolved." | When the case was called on Wednesday, Paul Gallagher, senior counsel for McIlroy, told the court: "The entire matter has been resolved." |
The 25-year-old golfer, from Holywood, County Down, won the Dubai Desert Classic at the weekend. | The 25-year-old golfer, from Holywood, County Down, won the Dubai Desert Classic at the weekend. |
He has now achieved four wins and three runner-up finishes in his last seven European Tour events. | He has now achieved four wins and three runner-up finishes in his last seven European Tour events. |