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Honestly, the reason for so many tournaments apart from the World Cup itself and qualifying for the WC is the #1 motivating factor in sports these days, money. CONCACAF, UEFA, and CONMEBOL could just have their WC qualifying competitions and leave it at that. But when you can make millions of dollars via ticket sales and selling TV rights, you're going to get tournaments like Copa America, the Euros, and the Gold Cup. That might be a little cynical on my part as some of these competitions have existed for many, many years long before there was money to be made in having these tournaments. But don't overlook the fact that these tournaments are huge money making ventures for their confederations.
It isnt money! How do you get players cap tied to a Nation for the WC if the only meaningful matches are WC matches or its quals...
There are a lot of times that the US is not the only host of Gold Cup and the tourney is played in US.
Mexico loves to host or co host when it is played in the US. We have better facilities and they know they can still draw well.
Remember Mexico plays all of their WC Quals in the United States save one when they play the US at home then they play in Azteca.
Most times the Gold Cup is co hosted and played in US because we have the stadiums and infrastructure
I highly doubt the leaders of UEFA and CONMEBOL back in the day thought, "Hey, we really need a way to get players cap tied. I know, let's have a tournament!" Getting players cap tied is important, but it's a byproduct of these tournaments. I don't think these tournaments exist solely as a cap tying mechanism.
I admitted my comment about money was cynical. I think that's probably true about the Euros and Copa America given their history. But why does CONCACAF have the Gold Cup every two years and always let the US host the tournament? Because the confederation can make a **** ton of money that way. Why is Copa America having their tournament both this summer and then next summer here in the US? I don't think it's because Argentina has a bunch of guys they need to get cap tied.