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 association football league.[1] It is the world's most lucrative football league in terms of revenue, with combined club revenues of over £2 billion in 2008â09.[2] It is ranked first in the Union of European Football Associations (UEFA) coefficients of leagues based on performances in European competitions over the last five years, ahead of Spain's La Liga and Germany's Bundesliga.[3] funny photos
