FIFA has announced a 50% increase in the prize money it will award to participating teams at next year's World Cup in the United States, Canada and Mexico, according to BBC.

It comes amid criticism over the price of tickets at the tournament.

The payout forms the bulk of a record $727m (£544.8m) financial distribution that the governing body's council has approved as a result of the event.

The World Cup winners will receive $50m (£37.4m), with the runners-up being awarded $33m (£24.7m). Those who fail to progress beyond the group stage will get $9m (£6.7m).

In addition, each qualified team will receive $1.5m (£1.1m) to cover preparation costs, meaning that all participating member associations are each guaranteed at least $10.5m (£7.8m).

FIFA president Gianni Infantino said the payments showed the World Cup would "be groundbreaking in terms of its financial contribution to the global football community". The organization has already forecast record revenues, external of $13bn (£9.7bn) for the 2023-2026 cycle.