PGA Tour commissioner Jay Monahan is scheduled to meet with Yasir Al-Rumayyan, governor of Saudi Arabia’s Public Investment Fund, next week to continue negotiations on a potential alliance, and Monahan said he hopes to reach a deal with the PIF and at least one other investor before the end of the year.
Monahan, speaking at a New York Times DealBook Summit in New York City on Wednesday night, called the Dec. 31 deadline of a framework agreement between the PIF and DP World Tour a “firm target.”
“We’re having conversations with multiple parties,” Monahan said. “The deadline for our conversations with PIF, as you know, is a firm target. I’ll be with Yasir next week, and we continue to advance our conversations. And I think it’s pretty well known that there’s a large number of other interested parties that we’re also pushing to think about.”