McIlroy left with €21.8m bill

Golfer Rory McIlroy’s case against former management company Horizon Sports Management has been settled. It is understood the golfer will pay the firm over $25m (€21.8m) in a once-off payment plus costs.

Following negotiations on Tuesday, Paul Gallagher, for Mr McIlroy, told the Commercial Court yesterday the parties were grateful for the time given for talks and the matter had been settled.

Counsel said no order from the court was required but the case could be put back to February 24 for mention. Such an adjournment is usually so that the court can be advised of the formal settlement. Mr McIlroy was not in court yesterday.