McIlroy case to resume on Wednesday as sides make progress
Reuters
Published Feb 03, 2015 11:24AM ET
McIlroy case to resume on Wednesday as sides make progress
By Cathal McNaughton
DUBLIN (Reuters) - Rory McIlroy and his former agents will return to court on Wednesday after lawyers for the world number one golfer asked for an adjournment as the two sides made progress that could potentially avoid an eight-week hearing.
The four-times major winner terminated his contract with Horizon Sports Management in September 2013 to form his own company, prompting a protracted dispute which forced McIlroy to take time away from the golf course to prepare for the case.
McIlroy's lawyer Paul Gallagher was granted two requests to defer the start of the case to "narrow the issues at hand" and returned to ask for an adjournment until 1100 GMT on Wednesday, telling the court both sides had made further progress.
Dressed in a navy blue suit and wearing black-rimmed glasses, the 25-year-old Northern Irishman arrived at Dublin's High Court on Tuesday to a scrum of some 30 photographers and camera crews amid intense international media interest.
After signing a number of lucrative sponsorship agreements, including a deal with Nike in early 2013 worth a guaranteed $100 million over five years, McIlroy decided that his relationship with Horizon was no longer in his best interests.
McIlroy, who will probably take the stand at some point, is suing his former agents over the "unconscionable" contract he signed, while Horizon are counter-suing him on the grounds that he owes them millions of dollars in commission on contracts up to 2017.
Irish bookmaker Paddy Power thinks it likely the case will be settled, offering odds of 1/3 on the two sides reaching agreement outside court and 9/4 on the trial being decided by a verdict.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.