European Tour Denies US PGA Takeover Reports
Intriguing reports that the US PGA Tour is planning to buy the European Tour have been denied by the Wentworth-based body.
Suggestions had begun to surface that the American circuit wanted to take advantage of the Eurozone economic crisis with a bid to take control of the European Tour.
It was also claimed that such a move would give the PGA Tour a share of the Ryder Cup, as well as helping its desire to claim a larger stake in the booming Chinese golf market.
However, Keith Waters of the European Tour described the emerging reports as “incorrect.”
Ryder Cup star Paul Casey, who is a member of the European Tour’s tournament committee, told The Daily Telegraph: "There are so many good things about the European Tour and it can be such an unbelievable product given the places we go to and the players we have.
"But we are so far from maximising what we have and we need to freshen things up."
Also in response to the takeover claims, Waters, chief operating officer of the European Tour, said: "The golf market in Europe is significantly smaller than in the United States.
"Hence the European Tour's expansive policies throughout the world over the past 16 years, which includes co-operation with the US PGA Tour in the World Golf Championships arena.
"However, the notion that the US PGA Tour is somehow bidding to buy the European Tour is incorrect."