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By Adedapo Adesanya
The Federation of the International Football Association (FIFA) will not proceed with its proposal to sell a piece of its business operations to outside investors after the project was met with fierce resistance from some of its member associations.
FIFA’s plan was to raise up to $4.2 billion by selling about a 20 per cent stake in a new unit that would run FIFA events, including the World Cup, valuing it at $20 billion.
The proposal was strongly opposed by the Union of the European Football…