I think the Americas think might just work on its own. The talent pool is there, but most of you might not know the names. Africa, Asia and Oceania have to be put into one block though, and then you can split Europe into two different brackets, East and West.
Yeah, that's the issue really. I remember picking Romerito in a previous draft and no-one having a clue who he is, and he's one of the more modern ones. Names like Andrade, Nasazzi, and Schiaffino are legendary, but pretty much any pre-70s player has become a death sentence in drafting of late.
100% agree on Asia, Africa, and Oceania joining forces.
Also, agree on Europe. Not sure how to divide it up geographically though as you've got Portugal down in south western Europe, Scandinavia northern, Belgium considered as western, Poland, Czechia, Hungary, Austria and Switzerland in the centre, and the old Eastern bloc (Croatia, Romania, Bulgaria, Serbia, Ukraine, Yugoslavia etc).
And then there's Ireland, Wales, and Scotland of course, who as Elzar suggested are possibly strong enough on their own.