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Hong Kong (AFP) - The European and Asian tours on Friday said they would combine their business dealings and playing memberships in a "joint vision" which is likely to alter the landscape of world golf.
The two tours, who already co-sanction several tournaments a year, said in a joint announcement that they would now enter an "exclusive discussion period" to hammer out the details.
"We have enjoyed a wonderful relationship with the Asian Tour for many years and today’s announcement is the first step in the next stage of that partnership," European Tour CEO Keith Pelley said in the statement.