Kyle Sandilands has celebratory lunch with close pals John Singleton and John Ibrahim after his $12m settlement with ARN and explosive first interview following the axing of his radio show

Kyle Sandilands was spotted enjoying a celebratory lunch with friends at Grill Americana in the Sydney CBD on Friday afternoon.

The radio shock jock, 55, appeared to be enjoying his recent $12.09 million settlement following a legal battle with ARN over the axing of The Kyle & Jackie O Show. 

Stepping out in all-black, the media veteran could be seen spending time with close mates John Singleton, John Ibrahim and David Norris.  

Sandilands kept warm in a jumper and jeans with matching sneakers as he tucked a pair of sunglasses into the front of his shirt.

He was seen saying his goodbyes to Singleton and Norris, who is the CEO of The John Singleton Group, before departing the venue with Ibrahim.  

Ibrahim, 55, a Kings Cross identity, was garbed in a navy sports coat with a matching button-up and black slacks as he slipped on his favourite sunglasses.

Meanwhile, advertising entrepreneur Singleton, 84, appeared to be well despite recent reports he had been hospitalised this week after suffering a serious cardiac event.

It comes after news broke that Sandilands had walked away from court with a $12.09 million settlement from ARN. 

It was previously reported that the radio shock jock would receive $15 million over the next three years as part of the agreement.

However, according to an ASX statement released on Wednesday morning, ARN agreed to pay Sandilands $12.09 million.

The total payout is a fraction of what Sandilands was demanding, with the radio star previously indicating he was owed $85 million for the remainder of his contract term.

ARN has also agreed to advertise Sandilands’ new independent media project, Kyle Sandilands Live, in a $1.5 million deal over the next three years.

ARN and Sandilands have agreed to a net revenue share agreement, under which ARN will receive 19.9 per cent from Sandilands’ new venture for up to three years.

Sandilands is also prevented from dealing with any of ARN’s direct competitors for nine months.

ARN Chief Executive Officer Michael Stephenson said: ‘This agreement brings certainty for ARN and resolves the legal dispute. 

‘ARN remains focused on executing its strategy, including driving a leaner, more efficient operating model, strengthening its core radio network and continuing to invest in digital capabilities and long-term growth.’

Sandilands’ former co-star Jackie ‘O’ Henderson is moving forward with her case against ARN. 

Sandilands also recently had an explosive first interview since the settlement with the broadcaster, in which he threatened to slap fellow radio star Ben Fordham. 

Details of the shocking private exchange can be found here. 

He unloaded on the 2GB breakfast host during an appearance on The Game Changers podcast with Craig Bruce and Irene Hulme. 

Sandilands said he was furious after Fordham publicly criticised the size of his radio deal following ARN’s dramatic decision to terminate his contract earlier this year.

‘You want a slap, watch your mouth! I don’t put up with his bulls**t,’ Sandilands claimed he told Fordham.