Dave King, Gary Player settle dispute out of court

2013-09-25 10:23

Gary Player and controversial businessman Dave King have agreed to settle out of court after King earlier this year sued the South African golfing legend for R33.4 million.

Player’s lawyer, Rael Gootkin, confirmed that his client and King had come “to an agreement”, Afrikaans daily Beeld reported today.

Player said in June that he would prove in court that he did not owe his former friend a cent of the money being demanded from him.

King claimed Player never repayed a loan of R6.1 million after he borrowed the money 14 years ago, and he launched a bid to claim back the amount plus interest.

King asked the Grahamstown High Court to seize shares in a horse stud farm outside Colesberg.

He said in court documents that one of his trusts, Talacar Holdings, had a 49% share in the farm and Player had the other 51%.

At the time, the court granted an interim interdict to King.

Gootkin said he was not in a position to discuss the terms of the out of court settlement.

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.