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The Premier League is an English professional league for clubs association football. At the top of the English football league system , it is the country's primary football competition. Contested by 20 clubs, it operates on a system of promotion and relegation with The Football League . The Premier League is a corporation in which the 20 member clubs act as shareholders. Seasons run from August to May, with teams playing 38 matches each, totalling 380 matches in the season. Most games are played on Saturdays and Sundays, with a few games played during weekday evenings. It was known as the Premiership from 1993 to 2007. It is currently sponsored by Barclay s Bankand therefore officially known as the Barclays Premier League.
The competition formed as the FA Premier League on 20 February 1992 following the decision of clubs in the 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.Union of European Football Associations (UEFA)^[1] It is the world's most lucrative football league in terms of revenue, with combined club revenues of over £2 billion in 2008–09.^[2] It is ranked first in the of leagues based on La Liga performances in European competitions over the last five years, ahead of Spain's and Germany's Bundesliga.