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Rory McIlroy cut ties with his Dublin-based management company and set up his own company to run his affairs, according to Yahoo Sports.
Mcllroy announced on Friday that he will no longer be part of the stable Horizon Sports Management and The acute nature of the split This led to the two parties calling for a team of lawyers to supervise their interests.
The row comes on the heels of a frustrating season for the 24-year-old from Northern Ireland, as he struggled to regain his form after switching to clubs made by Nike as part of one of the sport’s biggest endorsement deals.
McIlroy told Yahoo that his new management firm would be known as Rory McIlroy Incorporated and would be headed by Donal Casey, an actuary who was already one of his advisors. His father, Jerry, would also serve on its board of directors as well as businessman and family friend Barry Funston.
Horizon said Yahoo executives are disappointed that McIlroy chose to end their relationship after just two years and with several years remaining on the contract they originally signed.
While no details or reasons for the split were given, Yahoo reported rumors of Mcllroy’s unhappiness over what it believed were very high freight services circulating for several months.
“Since October 2011, Horizon has achieved exceptional results for Rory in achieving his business goals,” the company said in a statement. “Under Horizon’s management, Rory has signed some of the most lucrative approvals in the history of the sport.”
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