European Tour COO Keith Waters Calls Report Of Takeover By U.S. PGA Tour 'Incorrect'
Reports that the U.S. PGA Tour plans to buy the European Tour "have been denied by the Wentworth-based body," according to Iain Carter of the BBC. It has been suggested that the American circuit "wants to take advantage of the Eurozone economic crisis with a bid to take control of the European Tour." Such a move would give the PGA Tour a share of the Ryder Cup "and would help its desire to claim a bigger stake in the booming Chinese golf market." European Tour COO Keith Waters described the reports as "incorrect" (BBC, 8/13). The GOLF CHANNEL's Rex Hoggard wrote "published reports that the PGA Tour has made a bid to buy the European Tour seem premature according to numerous sources." The reports -- which appeared this week in the Daily Mail and the Daily Telegraph in the U.K. -- "do not cite specific sources." The reports quote Paul Casey, a member of the European Tour's players' committee, "although the Englishman stops well short of suggesting he would be in favor of unified tours." A PGA Tour spokesperson declined to comment on the reports and numerous sources said that "such a mega-merger between Ponte Vedra Beach, Fla., and Wentworth, England (home of the European Tour) would be a tough sale on both sides of the Atlantic Ocean" (GOLF CHANNEL, 8/13).