Rory McIlroy and his former management company have reached an out-of-court settlement over their contract dispute.
The dispute between McIlroy and Horizon Sports Management was due to reach Dublin High Court this week, but Mr Justice Cregan postponed the case on Tuesday after hearing the two sides were "making progress" in discussions.
Those discussions have now yielded an agreement that proved beyond them for 18 months.
A joint-statement read: "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. The parties will be making no further comment."
McIlroy was suing the company for £4.5m, alleging he was coerced into signing an "unconscionable" contract at a Christmas party.
The Dublin-based agency counter-sued for £13m, alleging breach of contract and unpaid fees for helping to negotiate some lucrative sponsorship deals.
It was estimated the lawsuit could total £40m, and the case was scheduled to last eight weeks, during which time the world's top golfer would have faced the prospect of having his finances laid bare during cross examination.
The joint statement read: "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. The parties will be making no further comment.”
