McIlroy settles with former management for $A25.4m

World No. 1 golfer Rory McIlroy has settled with his former management company after back-and-forth lawsuits.

McIlory originally sued Horizon Sports Management, claiming his interests hadn't been looked after.

Horizon returned the favour by suing McIlory for breach of contract. 

The two parties have settled for $A25.4 million to avoid a lengthy court case.