Original: 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 .
Simplified: The competition started as the FA Premier League on 20 February 1992 after the decision of clubs in the Football League First Division to break away from The Football League .