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FIFA Drops Plan to Sell World Cup Shares
The International Association Football Federation (FIFA) has retracted its plan to sell a stake in the World Cup rights to investors. The plan aimed to establish a new company to increase federation revenues and boost the development of football, with expectations of attracting investments up to $4.2 billion. However, the project faced broad rejection from European, South American, and North American federations. The European Union raised the possibility of boycotting FIFA tournaments, leading FIFA to halt the implementation of the plan in response to the criticism and internal divisions.
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