The Premier League (PL) was introduced during the 1992/93 season to replace the First Division of the league, which was founded back in 1888. Though the English football clubs do not win European elite competitions such as the Champions League as often as teams from Spain, the Premier League is arguably the toughest league and one that attracts a massive following from all over the world. Before the formation of the Premier League, fan attendance was low, and the league couldn’t negotiate broadcast deals hence the decision by top clubs to form a new league that would be professionally managed. It was then decided that the new league would not be part of the Football League but would continue being part of the League system, which would allow for the promotion and relegation of bottom teams.
The Premier League hence, become the top tier in the English football system replacing the Division One which acted as the top tier before the 1992-93 season, while the next three tiers are incorporated in the English Football League (EFL). 20 teams participate in the Premier League each season, with the bottom three teams being relegated to the Championship division. After the start of the PL, the standing terraces were banned, and clubs were asked to set up stadiums that would allow fans to sit when spectating the games. Manchester United currently has the largest stadium, which has a capacity of 74,879 people, and during the 2015-16 season, it recorded an average of over 74,000 people per game.
The Premier League is known as the “money league,” with television rights being extremely expensive, which in turn results in high revenue for the clubs and the association. There are other sources of income for the clubs and the league apart from broadcasting rights, which include kit sponsorship deals, ticket sales, player transfers, among other sources.