McIlroy launches legal action against Horizon
GOLFER Rory McIlroy has launched legal action against his former management agency Horizon.
McIlroy has lodged papers in the High Court in Dublin against Horizon, and two other named companies, Gurteen and Canavan Management. He is launching a plenary action against Horizon.
McIlroy is using firm A&L Goodbody according to court records.
Yesterday the Sunday Independent reported that McIlroy had fired his Dublin based sports agency after paying them a staggering €5m over an 18-month period.
McIlroy decided to part company with Horizon Sports Management because he believed they were costing him too much money.
McIlroy is reported to believe that the $7.5m he says he paid the group over the one-and-a-half year period did not make business sense, despite having willingly signed up to the agreement two years ago.
The two-times Major winner believes he had no option but to sever ties with the company, headed up by Conor Ridge, as his contract does not run out until 2017.
McIlroy has now joined his own company, Rory McIlroy Incorporated, which is run by CEO Donal Casey.
It is now confirmed that the fallout from the split will make its way to the High Court in Dublin, and McIlroy has hired the services of law firm A&L Goodbody.