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Cape Town - Tax rebel Dave King and golf icon Gary Player have come to an amicable settlement in their dispute about a loan.
"I can confirm that the parties have reached an amicable settlement of all their disputes," Player's lawyer Rael Gootkin told Fin24 on Thursday.
The settlement is, however, conditional upon a number of suspensive conditions being fulfilled.
King recently settled on a payment of R706.7m to the South African Revenue Service (Sars).
This settlement was achieved following submissions made to Sars by King and entities associated with him.
The Scottish-born claimed R33m from Player in the Grahamstown High Court in June, claiming it related to a loan of R6.1m made to Player in July 1999, plus interest.
Player claimed that King had given him the money to pay off a R6m debt he (Player) owed to a sports management company.
In return, King could then travel with Player to major international sports events, which he did.
- Fin24
"I can confirm that the parties have reached an amicable settlement of all their disputes," Player's lawyer Rael Gootkin told Fin24 on Thursday.
The settlement is, however, conditional upon a number of suspensive conditions being fulfilled.
King recently settled on a payment of R706.7m to the South African Revenue Service (Sars).
This settlement was achieved following submissions made to Sars by King and entities associated with him.
The Scottish-born claimed R33m from Player in the Grahamstown High Court in June, claiming it related to a loan of R6.1m made to Player in July 1999, plus interest.
Player claimed that King had given him the money to pay off a R6m debt he (Player) owed to a sports management company.
In return, King could then travel with Player to major international sports events, which he did.
- Fin24
