The inaugural expanded FIFA Club World Cup, featuring 32 clubs from all confederations, was held across the United States in June-July 2025. Real Madrid won the tournament, defeating Manchester City 3-2 in the final at MetLife Stadium in New Jersey, watched by a global TV audience of over 1 billion. The competition generated $750 million in revenue for FIFA and represented a landmark expansion of global club football's reach into the North American market ahead of the 2026 World Cup.

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