Complex sentence: The club were first admitted to the Football League in 1892, as founder members of the new Second Division, but in 1894--95 finished 14th out of 16 teams and failed to be re-elected to the Football League.
Split into simpler sentences: The club were first admitted to the Football League in 1892, as founder members of the new Second Division. After finishing 14th out of 16 teams in 1894--95 the club failed to be re-elected to the Football League.