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According to theNew York Times, the deal could be announced within the next week or so.
The NYT says FIFA was hoping the tournament would create huge demand from broadcasters and commercial partners.
But a combination of poor planning and delays prompted broadcasters to balk at the figures FIFA had sought.
A long list of concerns
Numerous concerns have apparently been raised about the tournament.
Its unclear exactly who this tournament is meant to benefit.
Players unions have also criticized FIFA for not consulting them during the tournament planning.