Player settles 14-year dispute

2013-09-25 21:00
Gary Player (File)

Cape Town - Gary Player's lawyer says the nine-time major winner has settled a dispute with a former friend over a $1 million transaction that took place in 1999.

Lawyer Rael Gootkin says Player and businessman Dave King have come to an out-of-court agreement.

King, who once caddied for Player at the US Masters, threatened to sue the golfing great for R33 million and claim some of his South African assets for not paying back what he said was a loan.

Player argued it was not a loan, but does not deny that the transaction took place.

Gootkin said on Wednesday that the agreement should prevent the matter going to court "on the assumption that all the conditions are met."

Gootkin said the settlement details were confidential.

Read more on:    gary player  |  golf

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