McIlroy Parts Company With Horizon Sports Management

Rory McIlroy has confirmed he has parted company with Horizon Sports Management in order to create his own management group with his father.

There was speculation about the split in May which McIlroy denied. However it was later revealed by close friend Graeme McDowell that McIlroy was indeed going forward with plans for his second management change since October 2011.

The former world number 1 left International Sports Management just four months ago after winning his first major trophy at the US Open, and then opted to join McDowell at Horizon.

McIlroy is yet to comment on the situation officially, but a statement on his official website on Friday read: "Rory McIlroy today confirmed he has terminated his contract with Horizon Sports Management and that the details of the termination are in the hands of a legal team led by A&L Goodbody in Dublin, Ireland.

"The golfer's business interests will from now on be managed by Rory McIlroy Incorporated. CEO of RMI will be Donal Casey, an actuary by profession with many years of CEO experience.

"The Rory Foundation for charity will be run by Barry Funston, a business leader and long-time friend of the McIlroy family. Both men will serve on the RMI Board, together with Gerry McIlroy (Rory's father)."

The run of poor form shown by McIlroy coincides with his multi-million pound deal with Nike at the start of 2013, which culminated in him walking off the course during the second round of the Honda Classic, before explaining he could not continue due to a severe toothache.