Rory McIlroy poses for photographers with the championship trophy after the final round of the PGA Championship golf tournament on the Ocean Course of the Kiawah Island Golf Resort in Kiawah Island, S.C., Sunday, Aug. 12, 2012. (AP Photo/Chuck Burton)

Northern Ireland golfing superstar Rory McIlroy has terminated his contract with Horizon Sports Management.

A statement, issued by the Communications Clinic’s Terry Prone this afternoon, said the details of the termination of his contract with Horizon are “in the hands of a legal team led by A&L Goodbody” in Dubln.

The 24-year-old’s business interests will be managed by Rory McIlroy Incorporated (RMI) from now own, the statement confirmed.

The 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 longtime friend of the McIlroy family.

Both men will serve on the RMI Board, together with his father Gerry McIlroy.

Media relations for the Co Down player and his management company will be handled by a team from The Communications Clinic, headed by Terry Prone.

Belfast Telegraph