Home / Sports / Golf

McIlroy goes it alone after dispute

Agencies | Updated: 2013-09-28 08:26

LONDON - Rory McIlroy has set up his own company to run his business interests after terminating his contract with Dublin-based Horizon Sports Management, the golfer said on Friday.

Both McIlroy and Horizon have called in lawyers to try to settle details of an acrimonious split which comes only two years after they began working together.

The dispute follows a frustrating season when the 24-year-old from Northern Ireland has struggled for form after switching to clubs supplied by Nike in one of the biggest sponsorship deals in sport.

His new management company, Rory McIlroy Incorporated (RMI), will be headed by Donal Casey, an actuary who was already an adviser to the golfer.

His father Gerry will also be on the board of the company, with businessmen and family friend Barry Funston.

Neither side gave details of the reason for McIlroy's departure, the subject of media rumors for some months. McIlroy was believed to be unhappy with the commission that Horizon was charging for its services.

Horizon said it was disappointed that McIlroy was ending a contract that had a number of years left to run.

"Since October 2011, Horizon has achieved exceptional results for Rory in realizing his commercial objectives," the company said in a statement.

"Under Horizon's management, Rory has signed some of the most lucrative endorsements in sports history."

McIlroy began the year as the hottest property in golf after signing a 10-year deal with Nike worth a reported $250 million and moving to the top of the world rankings.

However, the double major winner has slipped to sixth in the standings after his winning touch deserted him.

He is following the example of Wimbledon champion Andy Murray by taking more direct control of his business interests.

Murray and his partners have set up a management company called 77 - a reference to the numbers of years between Fred Perry winning Wimbledon and fellow Briton Murray claiming the title in July.

<<!-- iscomment为1标示该文章可以评论 -->

Most Popular


What's Hot
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349