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Rory McIlroy Warns PGA Tour’s Two-Track Overhaul Could Turn Marquee Events Into Minor League Golf
SOUTHAMPTON, N.Y. — Rory McIlroy arrived at Shinnecock Hills this week carrying six major championships, considerable credibility, and a pointed warning for the PGA Tour’s leadership: the sweeping structural overhaul being crafted behind closed doors risks degrading the very tournaments that define professional golf.
Speaking to reporters Tuesday ahead of the U.S. Open, McIlroy said he fears the proposed two-track competition model — a promotion-and-relegation framework modeled loosely on European soccer — will drain prestige from long-standing events that cannot secure elite-level sponsorships.
“I just think there’s going to be certain events that might lose their stature if a sponsor doesn’t pony up $30 million, so that’s the tough thing,” McIlroy said. “An event like last week, the Canadian Open, potentially going to one of these Track Twos — I don’t think the Canadian Open should be one of those.”
The comments were direct, unsolicited and striking in their scope. McIlroy, who briefly served on the Tour’s policy board in 2023 and was arguably the most visible player-ambassador during golf’s civil war with LIV, went further than criticizing the plan’s mechanics. He questioned its entire premise.
“I think, as they’ve done all this work, you start to realize that the way the Tour was before LIV came along was actually pretty good,” McIlroy said. “It was a pretty good structure, and everything sort of worked pretty well.”
A Restructure Years in the Making
The PGA Tour has been working toward a fundamental competitive overhaul since CEO Brian Rolapp took over last fall. At the Players Championship in March, Rolapp publicly signaled the Tour would adopt a two-tiered framework, citing the Premier League’s promotion-relegation model as an inspiration. Since then, a Future Competition Committee and a Player Advisory Council have been meeting regularly to hammer out details.
Under the proposal taking shape, Track One would comprise roughly 15 to 18 tournaments — including the four major championships and The Players Championship — featuring fields of approximately 120 to 130 players with 36-hole cuts restored at every event. Track Two would serve as a direct competitive pathway to Track One, with smaller purses, lower sponsorship thresholds, and fields of around 140 players. Between 20 and 30 spots would be available each season for Track Two players to earn promotion, with an additional 10 players joining annually from the DP World Tour under the current Strategic Alliance.
Rolapp said the model is designed to restore competitive meritocracy after years of signature events with 72-player fields and limited cuts. “I think we have lost a lot of that with the smaller field, no-cut events,” he said at the Memorial Tournament earlier this month. “The competitive meritocracy that makes this sport great and unique — we’ve gotten away from, and we’re getting back to it.”
Despite the momentum, Rolapp acknowledged that the full model likely will not launch until the 2028 season given the complexity involved. “There’s all sorts of questions,” he said. “It looks like it’s more ’28 just because of the complexity of not only the competitive model, but also the commercial things you need to do to actually put a new competitive model in place.” The Tour’s policy board is expected to vote on the framework June 22, the Monday before the Travelers Championship, when Rolapp is also scheduled to brief the media.
McIlroy Is Not Alone
The resistance to the proposed changes extends well beyond one player. Jack Nicklaus, the 18-time major champion whose Memorial Tournament is one of the events most likely to remain on Track One, expressed reservations of his own earlier this month in Dublin, Ohio.
“I don’t want to comment on the Tour’s schedule because I’m not exactly in favor of what they’re doing right now,” Nicklaus said at the Memorial. “I want to sit down with Brian and have that conversation. I hate to see tournaments bunched too much together with too many big tournaments too close together. That’s a problem, I think, and I think that’s going to be a problem for the Tour in the future.”
Tournament operators bracing for a second-tier designation have raised similar alarms, questioning whether they would commit to major prize funds for what amounts to a feeder circuit. Broadcast partners have sought clarity on what they are actually paying to air under existing rights agreements. And as Golf Digest reported Tuesday, some players see the proposal as little more than the existing PGA Tour and Korn Ferry Tour hierarchy repackaged under a different name.
McIlroy’s use of the phrase “glorified Korn Ferry events” was blunt in that regard — a direct comparison to a developmental tour that sits below the PGA Tour and carries substantially less prestige.
The LIV Factor
Central to McIlroy’s skepticism is the shifting landscape that gave rise to the reform push in the first place. The PGA Tour’s scramble to cut fields, increase purses, and consolidate talent at the top was a direct response to LIV Golf’s Saudi-backed challenge beginning in 2022. But with LIV’s funding from Saudi Arabia’s Public Investment Fund set to be pulled after this season, McIlroy argued the threat that justified those emergency measures has largely dissipated.
“LIV created this false economy where we had to up prize funds and had to cut fields and try to support the top players and all that stuff,” McIlroy said. “Which I think needed to happen because that was the only way to retain talent at the time, but now that LIV looks like it’s less of a threat, I think, as I said, the old ways of the PGA Tour weren’t actually that bad.”
That view — that the Tour may have overcorrected in its response to LIV and is now building a permanent structure on a foundation that was always meant to be temporary — is one Rolapp has not publicly engaged with directly. The CEO has maintained that the new model is about restoring the competitive integrity of professional golf for the long term, not about managing the LIV threat specifically.
A Critical Week Ahead
The timing of McIlroy’s remarks, arriving days before a consequential policy board vote, is unlikely to be lost on Tour leadership. The six-time major winner acknowledged he no longer has a seat at the table — “I’m not in those rooms,” he said — but his words carry weight well beyond the committee rooms at Tour headquarters.
Rolapp is expected to deliver a comprehensive public update on June 23, the day after the board vote, at the Travelers Championship in Cromwell, Connecticut. The announcement is anticipated to include which tournaments will be assigned to each track, new market expansions under consideration — cities including Boston, Chicago, Denver, New York and Philadelphia have been discussed — and details on a revamped postseason format that could include match play.
For now, one of professional golf’s most influential voices is not yet sold. “I’ll continue to play my schedule,” McIlroy said, “which is getting less and less as the years go on.”
The U.S. Open continues this week at Shinnecock Hills Golf Club in Southampton, New York. The PGA Tour’s policy board vote is scheduled for June 22.
Business
Saibari’s Stunner Sinks Scotland, Sends Morocco to Brink of World Cup Knockouts
BOSTON — Morocco defeated Scotland 1-0 in Group C at the World Cup on Friday, as an early goal from Ismael Saibari proved to be the difference and left the Tartan Army’s hopes of reaching the knockout stage hanging in the balance heading into a decisive final group match against Brazil.
Saibari was played through by Brahim Díaz shortly after kickoff, before the PSV Eindhoven man took it down and fired past Angus Gunn at the far post. And while both sides had chances in the second half, an equalizer never came, leaving the North African side all but certainly through to the knockouts, while the fate of Steve Clarke’s side remains uncertain.
The Fastest Goal of the Tournament So Far
The speed of Morocco’s breakthrough stunned a Boston Stadium crowd that had arrived hoping to witness history. Ismael Saibari scored the fastest goal of the World Cup 2026 so far after just 71 seconds as Morocco beat Scotland 1-0 to close in on a place in the knockout rounds. Saibari scored in Morocco’s opening 1-1 draw with Brazil last weekend, and his clinical finish with just over a minute gone settled a hard-fought, physical contest.
A crowd of 64,146 fans turned up at the venue in Massachusetts to witness the result. Saibari’s clinical finish after 70 seconds from Brahim Diaz’s lofted pass proved enough for the Atlas Lions, who had much the better of the contest and struck the woodwork when Jack Hendry blocked Saibari’s second-half shot.
A Goal Born From a Defensive Lapse
Scotland’s nightmare start traced directly back to a moment of vulnerability at the back. Steve Clarke’s side knew victory would guarantee a place in the knockout stages of a major tournament for the first time, but they were rocked after just 70 seconds. Grant Hanley was caught out and Ismael Saibari took advantage with a clinical strike fired into the top corner. He almost made it two as the Scots struggled to find their composure in the early going at Boston Stadium.
Disputed Penalty Decisions
Scotland’s frustration mounted as the match progressed, with the Tartan Army twice appealing unsuccessfully for spot kicks that might have offered a route back into the contest. John McGinn appealed for a penalty not long after the restart after being brought down by Neil El Aynaoui, but it was deemed a fair challenge by the referee. Later in the match, Scott McTominay was also brought down inside the box, with that appeal likewise turned down.
Scotland took 46 minutes to create their first shot of the match, a stark illustration of how thoroughly Morocco controlled proceedings for long stretches of the contest.
Morocco’s Continued Attacking Threat
Even with a one-goal cushion, Morocco continued to press for a second goal that would have settled the contest beyond doubt. Morocco hit the woodwork five minutes into the second half as Saibari met a cutback by El Khannouss, and his attempt was deflected onto the bar by Jack Hendry. Moments later, Gunn made a fine stop to keep out an El Khannouss header from a corner, ensuring Scotland remained within a single goal heading into the closing stages.
Scotland’s Tactical Setup
Manager Steve Clarke made several changes to his starting lineup in an effort to shore up the defense against a technically superior Moroccan side. Moroccan coach Mohamed Ouahbi went with an unchanged starting lineup following the Brazil clash, but opposite number Steve Clarke made three changes. Clarke sought to reinforce his defense, meaning striker Lawrence Shankland dropped out as defender Kieran Tierney came into the side to make a back five. But that was of little use as Morocco went ahead practically from kickoff.
Defender Scott McKenna was out with a calf injury for Scotland, who brought in Kieran Tierney, Nathan Patterson, and Ryan Christie. Aaron Hickey, Ben Gannon-Doak, and Lawrence Shankland made way as a result.
Saibari’s Rising Profile
Beyond the result itself, Saibari’s performance further elevated his standing as one of the tournament’s breakout individual stars and reinforced reports of his impending move to one of European football’s biggest clubs. The 25-year-old, who was born in Spain and raised in Belgium, is reportedly on the brink of a $63 million transfer from Dutch champions PSV Eindhoven to Bayern Munich. The quality of his strike past goalkeeper Angus Gunn showed why he is attracting such interest, and it was telling that Scotland lacked the same quality in the opposition box — helping explain why Morocco are ranked fifth in the world, and Scotland 40th.
A Painful Historical Echo
The defeat carried a degree of historical resonance for Scottish supporters, given the team’s only previous World Cup meeting with a similarly daunting South American or European opponent. Scotland were a little unfortunate not to take a point when they faced Brazil in their first game at their last appearance at the finals in 1998, when Tom Boyd’s 74th-minute own goal decided the match.
Pundit Assessment
Former player and current analyst Steve Nicol offered a blunt verdict on Scotland’s overall performance in the aftermath of the result, suggesting the outcome reflected the genuine gap in quality between the two sides on the night.
Where the Group Stands
The result leaves Scotland on three points following their opening win over Haiti, with Morocco, who drew with Brazil, on four. The Selecao and Grenadiers meet in their second matches of the tournament at 01:30 BST on Sunday, a result that will further shape the picture in Group C heading into the decisive final round.
Another win here would have secured progress from Group C for Morocco, but their chances of going further remain up in the air going into their next match against Brazil in Miami next Wednesday. Both teams play their final games of the group stage on Wednesday.
Scotland now needs a result against Brazil to have a chance of progression, setting up a must-win or must-draw scenario for Steve Clarke’s side in their bid to reach the knockout stage of a major tournament for the first time in the nation’s history. Having already faced Brazil once before at a World Cup — in that narrow 1998 defeat — Scotland will look to that history for any source of encouragement as they prepare for what now amounts to a win-or-go-home final group match in Miami.
Business
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Business
USA Routs Australia 2-0 in Seattle to Surge Into World Cup Knockout Stage
SEATTLE — The United States dominated Australia 2-0 on Friday at Seattle Stadium, with an own goal and a clinical finish from breakout star Alex Freeman sending the co-hosts surging into the World Cup knockout stage with a game still to spare in Group D.
The result, built on a self-inflicted opening goal and a composed individual finish, left the Socceroos reeling and the Americans firmly in control of their own destiny heading into the final round of group matches.
How the Goals Came
The breakthrough came when Australian defender Cameron Burgess turned the ball into his own net to give the United States the lead, a costly error that set the tone for the remainder of the match. Burgess clattered the ball into his own net for the opening goal, having ball-watched in the buildup before being forced into the unfortunate clearance. He was substituted at halftime following the difficult outing.
Folarin Balogun played a central role in generating the danger that led to the opener, with his incisive run up the channel rewarded with the own-goal opener. He held his own as Australia upped the physicality in the second half, remaining a persistent threat in the minds of the Australian defense throughout.
The second goal arrived through Alex Freeman, whose finish was ultimately confirmed following a VAR review. Freeman delivered another balanced all-around shift, this time with a goal to show for it — a player ratings assessment that flagged him as a “star in the making.” Sergiño Dest took the initial shot that was lobbed into Freeman’s zone for the second goal, with good interplay alongside Weston McKennie along the right flank helping generate the chance.
Standout Performances for the USA
Several American players drew praise for their contributions throughout the dominant performance. Tim Ream, serving as captain, was credited as the engineer of plenty of good efforts up the left flank and was often involved in the defensive half, delivering another credible shift in that leadership role. Chris Richards was not quite perfect on the pass but stewarded defensive sequences effectively, though a needless late challenge put him in yellow card limbo heading into the team’s next match.
Antonee Robinson kept the ball moving up the left touchline with seven progressive passes and provided width for Balogun’s run on the opener, though he too now finds himself on yellow card watch. Tyler Adams operated effectively behind a pair of box-to-box midfielders and kept Australia from making good progress through the central third throughout the match.
Weston McKennie relished a more advanced role, registering six progressive passes, eight progressive receptions, and four passes into the box, with some dazzling footwork alongside Dest in key moments. Malik Tillman delivered another composed shift with tidy ball recirculation and progression, proving difficult to dispossess and drawing additional cautions from the Australian defense in the process.
Ricardo Pepi, a surprise starter, thwarted Australia’s plans and overall shape but was unable to place either of his shot attempts on target, instead contributing industriously off the ball as a complement to Balogun’s more incisive running.
A Difficult Night for the Socceroos
For Australia, the match represented a sharp reversal from their promising start to the tournament. Several Australian players struggled throughout, with the back line in particular unable to contain the pace and movement of the American attack.
Jacob Italiano was beaten on numerous occasions by the USA’s wide players in the first half, though he showed a bit more creativity when pushing further forward in the final half-hour. Jordan Bos earned the game’s first yellow card for shoving McKennie in the face and was regularly beaten down the wing, offering very little in attack throughout his time on the pitch.
Aiden O’Neill was isolated and overwhelmed in midfield for most of the game, failing to control the tempo or connect key passes for his team. Paul Okon-Engstler struggled to assert himself physically for the first 70 minutes and lost too many one-on-one challenges against the American attackers.
A bright spot for the Socceroos came in the form of Mat Leckie, who was Australia’s best attacker early in the first half, generating a handful of shots and crosses before fading as the match progressed. He was forced off with an injury just after the hour mark. Despite the difficult overall performance, Alessandro Circati defended stoically for much of the match, picking up Australia’s second yellow card for a high boot but also making a desperate diving block to prevent what would have been a third American goal early in the second half.
Bench Contributions
Substitute Connor Metcalfe provided one of the few genuine positives for Australia off the bench, making an immediate impact with forward runs and line-breaking passes after coming on at halftime. Nestory Irankunda also offered a more dangerous counter-attacking threat than the player he replaced, causing trouble whenever he reached top speed.
For the United States, manager Mauricio Pochettino used his substitutions to manage the comfortable lead and protect his starters heading into the team’s remaining group fixture. Sebastian Berhalter came on to add midfield stability as the U.S. sacrificed an attacking option with the game well in hand, while Joe Scally and Auston Trusty both saw their first action of the tournament with the result already secure. Gio Reyna and Haji Wright entered in stoppage time as the match wound down toward its conclusion.
What the Result Means
The dominant victory sends the United States into the World Cup knockout stage with a game still remaining in the group phase, a significant achievement for the co-host nation as it continues building momentum on home soil. The result, paired with the team’s opening win, leaves the Americans in firm control of their own group-stage fate heading into their final fixture.
For Australia, the loss represents a significant step backward after an encouraging start to the tournament, leaving the Socceroos needing a strong result in their remaining group match to keep their own knockout-stage ambitions alive. The manner of the defeat — undone by a costly own goal and unable to generate sustained attacking pressure against a well-organized American side — will likely prompt searching questions for manager Tony Popovic as his team regroups ahead of its final group-stage test.
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Betting on India’s travel boom? Motilal Oswal sees TBO Tek and Ixigo as key beneficiaries
The industry has evolved significantly over the past two decades—from a fragmented, offline agent-driven market to a digitally enabled ecosystem led by online travel platforms.
The next phase of growth is expected to be driven by artificial intelligence, enabling hyper-personalized travel planning, dynamic packaging, and real-time decision-making.
The travel distribution landscape remains inherently complex due to the diversity of traveler requirements and the highly fragmented global supplier base, comprising thousands of airlines and millions of accommodation providers. This fragmentation continues to create inefficiencies across the value chain, reinforcing the importance of aggregators and digital platforms that simplify discovery, comparison, booking, and post-booking services.
Several structural tailwinds are supporting long-term growth. Rising disposable incomes, favorable demographics, increasing workforce participation, improving transportation infrastructure, and a consumer shift toward experience-led spending are expanding the addressable travel market.
Easing international travel regulations and growing connectivity are further accelerating travel demand across both domestic and international segments.
Against this backdrop, India’s online travel market is expected to outpace global growth trends. The market is projected to expand from approximately INR 2.1 trillion in FY23 to INR 3.8 trillion by FY28, reflecting a CAGR of around 13%, significantly higher than the global online travel market growth rate. Online channels are also expected to gain share, with digital penetration rising to nearly 65% of total travel bookings from about 54% currently.Scalability within the sector is increasingly determined by technological capabilities, supplier network depth, automation, customer acquisition efficiency, and the ability to cross-sell complementary travel services.
Margin expansion opportunities are also improving as platforms increase their exposure to higher-value segments such as hotels, holiday packages, meetings and events, and ancillary services.
A notable trend shaping the industry is the growing use of mergers and acquisitions to strengthen technology capabilities, expand inventory, and deepen customer engagement. This consolidation strategy mirrors global best practices and is helping travel platforms build more integrated ecosystems.
While competitive intensity, supplier dependence, macroeconomic sensitivity, and technological disruption remain key risks, the medium-term outlook remains favorable.
The combination of underpenetrated online travel adoption, expanding digital infrastructure, and AI-enabled personalization positions India’s travel technology ecosystem as a compelling long-term growth theme.
TBO Tek TP- 1765
TBO Tek delivered a resilient performance despite geopolitical disruptions across key travel corridors. Management expects travel demand to rebound as conditions normalize, supported by recovery in Middle East markets, strong momentum in Europe, increasing international travel, and ongoing integration of Classic Vacations, which should enhance scale and operating synergies. Revenue grew 83% YoY in 4QFY26, aided by the consolidation of Classic Vacations, while organic revenue increased 21% YoY. MTB grew 15% YoY, EBITDA rose 23% YoY, and PAT increased 2% YoY. For FY26, consolidated GTV grew 19% YoY, reflecting healthy underlying demand despite temporary disruptions in key travel markets. We maintain a BUY stance on TBO Tek, supported by its diversified travel platform, strong execution, and favourable industry trends. We expect revenue/EBIT/PAT CAGR of 37%/35%/30% over FY25-28E, driven by increasing contribution from high take-rate hotel and ancillary segments, international expansion, and benefits from the Classic Vacations integration.
Ixigo TP- 217
Le Travenues Technology (Ixigo) is the second-largest online travel agency (OTA) in terms of FY26 gross transaction value of INR187b, (includes flight~75b, Train:83b, Bus:26b and others:3b), with a monthly active user base of 85m largely coming from Tier-2 and Tier-3 towns. Notably, it is a market leader among OTAs in train ticketing with a market share of ~60% and is also consolidating its position in flight and bus ticketing. Ixigo’s differentiated multi-app, multi-brand strategy has enabled it to strengthen consumer engagement at a structurally lower customer acquisition cost. Its user base is widely distributed across lower-tier markets, with ~94% of bookings having either origin or destination in non-tier-1 cities, highlighting strong penetration beyond metro markets. We estimate Ixigo to deliver a CAGR of ~23%/59%/51% in revenue/EBITDA/PAT and grow its overall GTV by 22% during FY26-28E and EBITDA margin is expected to improve by 400bp to 10% by FY28E on the back of operating leverage and potential reductions in operating expenses.
(The author is Siddhartha Khemka, Head – Research, Wealth Management, Motilal Oswal Financial Services Ltd.)
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
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