The summer of soccer will take a new look this year with the FIFA Club World Cup, which comes to the U.S. for the first edition of the expanded competition that will see 32 teams from around the world compete for a share of the $1 billion prize purse.

MLS sides LAFC, Inter Miami and Seattle Sounders could win up to nearly $100 million as part of the unprecedented $1 billion prize pool. Concacaf teams earn a guaranteed $9.55 million for ...