July 18 (Reuters) - The Asian Tour and the European Tour announced a "strategic alliance" on Monday that could pave the way for more co-sanctioned golf tournaments being held in Asia.
The alliance follows a period of negotiations, which began last August, between the two circuits who will now both be invested in expanding playing opportunities in Asia and the rest of the globe.
The two tours will have a new joint office in Singapore but will retain their own separate identity in terms of brand and logo, and will be managed by their own individual boards, both organisations said in a statement.