Victory Goal is the club-only older brother of Sega International Victory Goal. That makes it not only the first game of the series, but also the first game of the series to include clubs, in this case those of the Japanese J.League. It is also the first one to include real player names, since it is an officially licensed product.
Regarding other aspects, such as gameplay, graphic engine, cameras, etc, everything is exactly like in Sega International Victory Goal, which was in fact supposed to be an worldwide-friendly version of its older brother. As such it was released once the SEGA Saturn had been introduced in all Western markets, unlike this title, which was in fact one of the first titles for the Japanese catalog.