'Delighted' McIlroy settles row with Oakley
GOLFER Rory McIlroy has reached an amicable settlement in his legal dispute with former sponsor Oakley.
The World No 6 golfer McIlroy (24) said he was "delighted the case is now behind me" in a statement issued on the website of his new management company, Rory McIlroy Inc.
However, McIlroy is still embroiled in an acrimonious legal dispute with his former agents at Horizon Sports Management, which is due to be heard by the Commercial Court in Dublin next October.
Oakley initiated legal proceedings against the Holywood native in the California District Court last December, alleging it had not been given adequate opportunity to match the terms of the new $20m per annum contract McIlroy had signed with Nike.
However, according to yesterday's statement, "the legal claims brought by Oakley against Rory McIlroy in California have been amicably settled to the satisfaction of both parties".
A spokesperson for Rory McIlroy Inc, Catherine Burke of The Communications Clinic in Dublin, declined to say if compensation had been paid to Oakley.
Meanwhile, last month McIlroy lodged a 350-page Statement of Claim with the Commercial Court in which his lawyers seek to have his contract with his former management firm declared null and void and allege Horizon "did not exercise their fiduciary duty of responsibility towards their young client".
Horizon vigorously disputes this and tomorrow is scheduled to lodge its defence and a counter-suit against McIlroy with the Commercial Court.