McIlroy goes it alone after splitting from management firm

Sat Sep 28, 2013 3:16am EDT
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By Keith Weir

LONDON (Reuters) - 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.   Continued...

Rory McIlroy of Northern Ireland tees off on the first hole during the second round of the BMW Championship golf tournament at the Conway Farms Golf Club in Lake Forest, Illinois, September 13, 2013. REUTERS/Jim Young