Complex sentence: The 2014 FIFA U- 20 Women's World Cup is the 7th edition of the tournament, currently taking place in Canada, which was named the host nation for the tournament in conjunction with its successful bid for the 2015 FIFA Women's World Cup.
Split into simpler sentences: The 2014 FIFA U- 20 Women's World Cup will be the 7th edition of the tournament. It will be held in Canada, which was named the host nation for the tournament in conjunction with its successful bid for the 2015 FIFA Women's World Cup.