Tour collaboration to continue
European Tour chief executive George O'Grady insists "collaboration" with the PGA Tour will continue in the coming years.
O'Grady was reacting to reports which claimed the US tour had made a bid to buy its European counterpart with players said to be frustrated with the European Tour's schedule.
However these reports were dismissed on Tuesday by both European Tour chief operating officer Keith Waters and PGA Tour commissioner Tim Finchem.
And O'Grady said: "The European Tour has collaborated with the PGA Tour and all other members of the International Federation of PGA Tours on many ventures since we worked together on the formation of the World Golf Championships in 1999. This collaboration will continue.
"At this time when many of our leading members are also members of the PGA Tour it is vital that we continue to work together to ensure the progression of tournament golf throughout the world.
"Over the past two weeks, 35 European Tour Members played in the WGC - Bridgestone Invitational while 58 competed in the US PGA Championship.
"We are delighted that our members continue to fly the flag for the European Tour around the world, which not only gives them the opportunity to progress their individual careers but ourselves the chance to explore opportunities to our mutual benefit."