Monahan confident framework agreement will be done

Columnist Andrew Ross Sorkin (left) and Monahan at The New York Times annual DealBook summit in New York City. — AFP

PGA Tour commissioner Jay Monahan says the Dec 31 deadline outlined in the framework agreement with the Public Investment Fund remains “a firm target” and that he plans to meet with PIF governor Yasir Al-Rumayyan next week.

Monahan was speaking at The New York Times DealBook Summit in New York City this week, and acknowledged the tour is in discussions with multiple parties about potential investment in a new for-profit entity but that negotiations with PIF and the DP World Tour are ongoing.