The competition formed as the FA Premier League on <answer>20 February 1992</answer> 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. The deal was worth £1 billion a year domestically as of 2013–14, with BSkyB and BT Group securing the domestic rights to broadcast 116 and 38 games respectively. The league generates €2.2 billion per year in domestic and international television rights. In 2014/15, teams were apportioned revenues of £1.6 billion.
When was the Premier League originally formed?
20 February 1992