European Tour denies reports of takeover by US PGA
Reports that the US PGA Tour plans to purchase the European Tour have been denied by the Wentworth-based figure.
It has been inferred that the American circuit needs to exploit the Eurozone investment emergency with an offer to take control of the European Tour.
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" The idea that the US PGA Tour is by one means or another offering to purchase the European Tour is off base "
European Tour head working officer
Such a move might give the PGA Tour a portion of the Ryder Cup and might help its craving to claim a greater stake in the blasting Chinese golf market.
Keith Waters of the European Tour depicted the reports as "inaccurate".
In the present financial atmosphere, the European Tour, which has occasions all through the planet, has battled to rival its US partners.
Regardless of it being the stature of the golf season, there have been no full occasions on the landmass throughout the previous three weeks.
Ryder Cup star Paul Casey, who is a part of the European Tour's competition panel, told The Daily Telegraph: "There are such a variety of exceptional things about the European Tour and it might be such an extraordinary item given the spots we head off to and the players we have.
"Yet we are so distant from maximising what we have and we have to spruce things up."
According to the takeover claims, Waters, the head working officer of the European Tour, said: "The golf showcase in Europe is fundamentally more modest than in the United States.
"Thus the European Tour's extensive strategies all through the planet in the course of recent years, which incorporates co-operation with the US PGA Tour in the World Gold Championships stadium.
"Nonetheless, the idea that the US PGA Tour is by one means or another offering to purchase the European Tour is erroneous."
PGA Tour correspondences head Ty Votaw said: "We don't have any remark on these stories."