Leeds United, the last champions of English football before the creation of the Premier League, played in the first 12 seasons of the Premier League, peaking at third place in 2000, before being relegated in 2004 in the midst of a serious financial crisis which was the direct result of heavy spending on players in the previous few seasons and a failure to net the extra revenue that successful challenges for domestic and European silverware would have brought them. They would not return to the Premier League until more than a decade later, guided by Marcelo Bielsa to champions of the 2020/2021 EFL championship season. A spectacular decline in similar circumstances also befell Portsmouth, who reached the Premier League in 2003 and stayed there for seven seasons, lifting the FA Cup in 2008. The South Coast club were relegated from the Premier League at the end of the 2009–10 season, having become the first club at this level to enter administration, and were deducted nine points at a result. In 2013, a third relegation in four seasons saw them relegated to the league's fourth tier for the first time in 35 years.