King reportedly claimed Player had not repaid a $1-million loan made 14 years ago. He was now claiming the money plus interest.
According to Beeld on Wednesday, he asked the Eastern Cape High Court in Grahamstown to seize shares in a horse stud farm, outside Colesberg, earlier this month.
King reportedly claimed in court documents that one of his trusts, Talacar Holdings, had a 49% share in the farm, and that Player owned the other 51%.
The court granted King an interim interdict and Player was expected to provide reasons why it should not be made final.
The newspaper reported that Player's lawyer, Rael Gootkin, had confirmed that he would oppose the claim.
Player reportedly said in a lawyer's letter that he had no loan agreement with King. – Sapa