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The rift dates back to early 2008 when Bob was pushed out of Australia Zoo - which he had founded as Beerwah Reptile Park in 1970 - over a disagreement with Steve s widow Terri about how the business should be run.
At the time, he received a $1million package plus a $100,000-per-year pension.
Exciting! Sam made the announcement on Friday, and also revealed that Robert Irwin Jnr will join him as a guest
An earlier financial arrangement had been reached in 1992 when Bob and his first wife, Lyn, handed over ownership of the zoo to son Steve and daughter-in-law Terri.
Because Steve and Terri were unable to afford the $300,000 required to purchase Australia Zoo, they instead agreed to a retirement package for Bob and Lyn whereby they would pay them a wage for the rest of their lives.
Terri Irwin shares a cryptic post about avoiding certain people
dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.
How Australia Zoo agreed to pay Bob Irwin $1million plus $100,000-per-year when he quit in 2008
dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.