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According to reports, FIFA aimed to raise up to $4.2 billion (£3.1 billion) by selling a about a 20% stake in the group, valuing the new arm at $20 billion (£14.8 billion) - but the deal has fallen through after much pushback
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The FIFA Forward Enterprise initiative, which sought to bring in billions of dollars from private investors, will not move forward, FIFA said in a statement attributed to president Gianni Infantino.
