Rory McIlroy's High Court case against his former agents has been resolved.

The golfer's Senior Counsel told Judge Brian Cregan that the matter had been resolved "to the satisfaction of all parties".

The terms of the settlement with Horizon Sports Management will not be released.

Billy Murphy part of Horizon's PR team read this statement outside the court 

Rory McIlroy was not in court this morning to hear the news that his multi million euro action had been settled.

The case centred on a contract he signed in 2011. Horizon had lodged a counter claim over the issue. The settlement now means there will be no lengthy court case.

Judge Brian Cregan wished both sides all the best in the future