Under the terms of the agreement the American football event will remain at the venue through to 2025, with the option of also staging the 2026 match.

The Championship final has been played at the venue since 2010.

It has been hosted by the Southland Conference, the city of Frisco and Hunt Sports Ventures.

Brad Teague, chair of the NCAA Division I Football Championship Committee, expressed support for the extension.

"The Division I Football Championship game has been warmly embraced and supported by the city of Frisco for nearly a decade, and the committee has consistently received positive feedback from past student-athletes, coaches and fans," he said.

"We look forward to continuing our relationship with the city of Frisco, Hunt Sports Ventures and the Southland Conference."

More than 150,000 fans have reportedly attended the championship game over the past eight years.

An average crowd of nearly 19,000 has been recorded at the 20,500 capacity venue.

This year’s championship game featured North Dakota State and Eastern Washington.

North Dakota State claimed their seventh title in eight years by winning 38-24.

"We’re honoured to have the opportunity to crown national champions in Frisco through 2025,” said Jeff Cheney, Mayor of Frisco.

"The FCS community has become family to Frisco.

"That’s why it was important to the Frisco City Council to reinvest in Toyota Stadium in the form of improved locker rooms, seating, video boards and media accommodations.

"His game is estimated to have a regional economic impact of more than $8.1 million (£6.3 million/€7 million).

"But just as important, it helps promote our brand as sports city, USA."