Mastercard drops branding from Copa America amid COVID concerns
- 3 years ago
Mastercard Inc (MA.N) has decided to temporarily remove its branding from the Copa America amid criticism over a last-minute decision to host the soccer tournament in Brazil, which is struggling with one of the world's worst COVID-19 outbreaks.
In a statement to Reuters on Wednesday, Mastercard said it has decided not to "activate" its sponsorship of Copa America in Brazil after a thorough analysis. The payments company remains a sponsor of the tournament, as it has been since 1992.
Last week organizers of the Copa America, which kicks off on Sunday, unexpectedly relocated the tournament to Brazil after co-hosts Colombia were dropped due to civil unrest and Argentina withdrew following a surge in COVID-19 cases.
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