I can see the 2025 version being of more interest, but Is the current format really that important elsewhere?But that’s only true in Europe. Everywhere else it is important and from 2025 you bet your life it will be important everywhere with 32 teams in it rather than just 7.
2025 FIFA Club World Cup - Wikipedia
en.wikipedia.org
The Intercontinental Cup, and the early World Club Cups obviously meant something to the South American clubs, but the last 10 (and 15 of the last 16) have all been won by the Europeans, which surely takes a lot of the thrill out of it for the rest of the nations.