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The Ladies European Tour is a professional golf tour for women which was founded in 1978. It is based at Buckinghamshire Golf Club near London in England. Like many UK-based sports organisations it is a company limited by guarantee, a legal structure which enables it to focus on maximising returns to its members through prize money, rather than on making profits for investors. The tour is run by a Board of Directors and a Players' Council. Most of the players on the tour are European, with members from more than 40 different countries internationally. The tour operates tournaments across five continents globally.