The winners of the ICC Champions Trophy will pocket $2.2 million ©Getty Images

The winners of June's International Cricket Council (ICC) Champions Trophy will pocket $2.2 million (£1.7 million/€2 million), it has been announced.

The world governing body has confirmed a total prize purse of $4.5 million (£3.4 million/€4.1 million) for the 50-over tournament in England and Wales.

This is an increase of $500,000 (£387,000/€455,000) from the 2013 tournament which was also played in the two countries.

A cheque for $1.1 million (£850,000/€1 million) will be given to the runners-up with the two defeated semi-finalists receiving $450,000 (£348,000/€410,000).

The teams finishing third in each group will pocket $90,000 (£70,000/€82,000) each with last in the group earning $60,000 (£46,000/€55,000).

London's The Oval, Edgbaston in Birmingham and Sophia Gardens in Cardiff will be the three grounds used for the tournament.

Competition will take place between June 1 and 18.

Hosts England will clash with Australia, New Zealand and Bangladesh in Group A of the tournament.

India, Pakistan, South Africa and Sri Lanka will contest Group B.

England will be the host nation at the competition ©Getty Images
England will be the host nation at the competition ©Getty Images

The top two from each group will reach the semi-finals.

Money has already proved to be a key topic in the build-up to the tournament, after defending champions India threatened to pull out following a dispute with the ICC.

The Board of Control for Cricket in India (BCCI) are unhappy about at a reduction in their revenue share from the global governing body.

Under the previous financial model, the "big three" countries of India, England and Australia received the greatest share of revenue.

A draft constitution by an ICC working group committee was passed in principle last month, however, which would reduce the amount enjoyed by the three countries.

India's total for the 2015-23 cycle would reportedly fall to $293 million (£227 million/€269 million), having previously been around $570 million (£440 million/€521 million).

The ICC have reportedly offered to increase the figure to $400 million (£309 million/€365 million) from their estimated $2.7 billion (£2 billion/€2.4 billion) revenues for the cycle, but the BCCI are believed to be seeking a higher figure.

They have called off their threat to boycott the tournament, however.