CONCACAF ends corporate partnership with company Traffic Sports USA

MarketsAssociated Press

In the latest fallout from the U.S. federal investigation into soccer corruption, the sport's governing body for North and Central America and the Caribbean ended its corporate partnership agency relationship with Traffic Sports USA, two months after the company pleaded guilty to a fraud charge.

The announcement was made before Tuesday night's start of the CONCACAF Gold Cup, the region's biennial championship for national teams.

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CONCACAF said in a statement the decision was mutual and "will have no effect on CONCACAF's ability to fulfill its existing obligations to sponsors or to stage future tournaments."

The Gold Cup is being broadcast in the U.S. by Fox.