(CNN)-FIFA, soccer's world governing body, has approved a grand plan to revolutionize the World Cup by increasing the number of teams from 32 to 48.
FIFA made the announcement on Twitter with further details expected to be published later. Since 1998, when the World Cup expanded to accommodate 32 teams, the format has stayed the same.
This latest tweak would pull in close to an extra $1bn in revenue, according to FIFA estimates.
The last World Cup in Brazil was estimated to have cost the host country $11 billion, according to its sports ministry, with FIFA covering operational costs which it says ran to $2 billion.
The addition of 16 more teams will mean groups are reduced from four to three sides, with swifter progression to the knockout stages.
Each nation will play the others in its group once, with the top two progressing to an enlarged knockout round comprising 32 teams. The number of games will rise from 64 to 80 but the competition will remain at 32 days in length.
It also guarantees each team will have at least two matches -- Infantino's initial plan envisaged a playoff round before the main group stage to eliminate 16 teams.
Currently, the World Cup involves eight groups of four, with the top two going through the last 16 knockout round.
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