Complex sentence: The club was founded at the local school (Stevnsgade Skole) by teachers and students the 5th of may 1958 and the founders decided that the club colors should be white and blue.
Split into simpler sentences: The club was founded at the local school (Stevnsgade Skole) by teachers and students the 5th of may 1958. From outright it was decided that the club colors should be white and blue.