The competition formed as the FA Premier League on 20 February 1992 following the decision of clubs in the Football League First Division to break away from The Football League, which was originally founded in 1888, and take advantage of a lucrative television rights deal. The Premier League has since become the world's most watched sporting league.[1] It is the world's most lucrative football league, with combined club revenues of £1.93 billion ($3.15bn) in 2007–08.[2] It is also ranked first in the UEFA coefficients of leagues based on performances in European competitions over the last five years, ahead of Spain's La Liga and Italy's Serie A.[3]
A total of 43 clubs have competed in the Premier League, but only four have won the title: Manchester United, Blackburn Rovers, Arsenal, and Chelsea. The current champions are Manchester United, who won their eleventh Premier League title in the 2008–09 season, the most of any Premier League team. Chelsea currently hold the record for most points in a season, while Arsenal are the only team in the history of the league to go unbeaten in a single season.
HISTORY:-
Despite significant European success during the 1970s and early 1980s, the late 80s had marked a low point for English football. Stadia were crumbling, supporters endured poor facilities, hooliganism was rife, and English clubs were banned from European competition for five years following the events at Heysel in 1985.[4] The Football League First Division, which had been the top level of English football since 1888, was well behind leagues such as Italy's Serie A and Spain's La Liga in attendances and revenues, and several top English players had moved abroad.[5] However, by the turn of the 1990s the downward trend was starting to reverse; England had been successful in the 1990 FIFA World Cup, reaching the semi-finals. UEFA, European football's governing body, lifted the five-year ban on English clubs playing in European competitions in 1990 (resulting in Manchester United lifting the UEFA Cup Winners' Cup in 1991) and the Taylor Report on stadium safety standards, which proposed expensive upgrades to create all-seater stadia in the aftermath of the Hillsborough disaster, was published in January of that year.[6]
Television money had also become much more important; the Football League received £6.3 million for a two-year agreement in 1986, but when that deal was renewed in 1988, the price rose to £44m over four years.[7] The 1988 negotiations were the first signs of a breakaway league; ten clubs threatened to leave and form a "super league", but were eventually persuaded to stay.[8] As stadia improved and match attendance and revenues rose, the country's top teams again considered leaving the Football League in order to capitalise on the growing influx of money being pumped into the sport.
At the close of the 1991 season, a proposal for the establishment of a new league was tabled that would bring more money into the game overall. The Founder Members Agreement, signed on 17 July 1991 by the game's top-flight clubs, established the basic principles for setting up the FA Premier League.[9] The newly formed top division would have commercial independence from the Football Association and the Football League, giving the FA Premier League license to negotiate its own broadcast and sponsorship agreements. The argument given at the time was that the extra income would allow English clubs to compete with teams across Europe.[10]
In 1992 the First Division clubs resigned from the Football League en masse and on 27 May 1992 the FA Premier League was formed as a limited company working out of an office at the Football Association's then headquarters in Lancaster Gate.[5] This meant a break-up of the 104-year-old Football League that had operated until then with four divisions; the Premier League would operate with a single division and the Football League with three. There was no change in competition format; the same number of teams competed in the top flight, and promotion and relegation between the Premier League and the new First Division remained on the same terms as between the old First and Second Divisions.
The 22 inaugural members of the new Premier League were Arsenal, Aston Villa, Blackburn Rovers, Chelsea, Coventry City, Crystal Palace, Everton, Ipswich Town, Leeds United, Liverpool, Manchester City, Manchester United, Middlesbrough, Norwich City, Nottingham Forest, Oldham Athletic, Queens Park Rangers, Sheffield United, Sheffield Wednesday, Southampton, Tottenham Hotspur, and Wimbledon.
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