World number one avoids trial
Golfer McIlroy ‘to pay up to £20m’ to settle dispute with former agent
The Northern Irishman, who helped Europe win the Ryder Cup at Gleneagles in September, was drawn into into a row over the cut the agency was taking from his earnings and his departure from the firm in 2013.
An agreement, said to have cost the world’s number one golfer up to £20 million, avoids the prospect of a two-month trial. McIlroy will also pay both parties’ legal costs estimated at £4m.
McIlroy’s case had alleged that an agreement signed by him in December 2011 with Horizon Sports Management was invalid and unenforceable on a number of grounds including alleged undue influence.
He sued Horizon and two associated companies – Gurteen Ltd, based in Malta and Canovan Management Services in Dublin alleging that Horizon has charged commissions far greater than is standard in the sports industry.