Complex sentence: The FIFA Club World Cup's prestige is perceived quite differently in different parts of the football world: while it is widely regarded as the most distinguished club level trophy in South America, it struggles to attract interest in most of Europe.
Split into simpler sentences: The FIFA Club World Cup's prestige is perceived quite differently in the football world. While it is widely regarded as the most distinguished club level trophy in South America, it struggles to attract interest in most of Europe.