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Rory McIlroy Sets Up Own Management Company

Rory McIlroy has confirmed he’s left Horizon Sports Management to set-up his own company to better manage his affairs. He will now have all of his golfing interests looked after by Rory McIlroy Incorporated.

It’s been tough going for the former world number one, who has seen his star fall to sixth in the world rankings following a disappointing season.

He joined forces with Horizon two years ago after parting company with Chubby Chandler’s International Sports Management Stable. He then left them four months after tasting victory in his first major, which he won by eight shots in the US Open at Congressional.

A statement about his split from Horizon was posted on McIlroy’s official website on Friday, which read: "Rory McIlroy confirms 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]."

Life for the Northern Irishman was looking good when he signed a multi-million pound deal with Nike, but the agreement coincided with a run of poor form at the start of 2013, which culminated in him walking off the golf course during the second round of the Honda Classic.

To rub salt in the figurative wound, he then failed to qualify for the Tour Championship on the PGA Tour last week, which ended with Henrik Stenson taking the win in Atlanta and lifting the Swede to fourth in the world rankings, knocking McIlroy down to sixth in the process.