This story is free to read.

McIlroy reaches settlement in dispute with former agent

Rory McIlroy arrives at Dublin high court, Ireland, Tuesday Feb. 3, 2015. The four-time major winner initiated the multi-million dollar case against his former management company claiming he was misled into signing a contract with the company. (AP Photo/Peter Morrison) Rory McIlroy arrives at Dublin high court, Ireland, Tuesday Feb. 3, 2015. The four-time major winner initiated the multi-million dollar case against his former management company claiming he was misled into signing a contract with the company. (AP Photo/Peter Morrison)

By Associated Press February 4, 2015 1 min read

DUBLIN (AP) – Top-ranked golfer Rory McIlroy has reached an out-of-court settlement with his former management company, ending their multi-million-dollar case after just two days.

Both sides say in a joint statement Wednesday “the legal dispute between Rory McIlroy and Horizon Sports Management has been settled to the satisfaction of both parties who wish each other well for the future.”

Terms were not disclosed.

McIlroy terminated his contract with Horizon in 2013 to form his own company.

The Northern Irishman was suing Horizon and its leading agent, Conor Ridge, claiming he was misled into signing the contract.

Horizon was counter-suing, claiming McIlroy breached his contract and that he owes the company millions of dollars in commissions.