The subject was one of the main talking points at a meeting of the PGA Tour's top players called and hosted by Woods on Tuesday to discuss the LIV threat and a plan of action, according to the Fire Pit Collective.

Part of that plan was having the PGA Tour renounce its non-profit status which would result in the Tour paying taxes but giving it much more freedom in how it conducts business, including bringing in private investors and equity firms.

Both Woods and McIlroy expressed their support for such a move, the Fire Pit Collective reported.

At the meeting held in Delaware, where the Wilmington Country Club hosted the BMW Championship, the players also discussed plans for an 18-tournament series that would feature 60 of the top players playing for $US20 million ($A29 million) purses.

The PGA Tour has already beefed up purses at many events in response to the LIV Series which is offering $US25 million ($A36 million) purses. The plan, according to the Fire Pit Collective, would be a no cut format similar to LIV.

A response to the LIV threat comes with reports the renegade series is about to announce seven new player signings immediately after the FedExCup Playoffs conclude with the Tour Championship next week in Atlanta.