PGA Tour commissioner Jay Monahan and PIF Governor Yasir Al-Rumayyan sat down for a joint interview on CNBC on Tuesday morning to discuss the merger news that rocked the golf world."There’s been a lot of tension in our sport over the last couple of years," Monahan said,"but what we’re talking about today is coming together to unify the game of golf and to do so under one umbrella.
"Because it would be something small," he continued."But the way we’re doing our partnership, it’s going to be really big, in many senses." "If you look at the size of golf, monetary-wise, it’s about $100 billion today," said Al-Rumayyan."And I think the growth, it’s there. I think working together we can have a faster growth rate than it was for the past 10 or 20 years."As part of the agreement, PGA Tour Inc. will remain in place as a 501 tax-exempt organization, which means it will continue to have oversight over its tour.