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Crystal Palace Football Club is based in South Norwood, London. They currently play in the highest level in English football, the Premier League. Since 1964, the club has mostly played in the top two leagues of English football. The club was founded in 1905 at the site of the famous Crystal Palace Exhibition building by the owners of the FA Cup Final stadium.
In 1973 the club modernised its image, changing the nickname from The Glaziers to "The Eagles" and ending the 68-year association with claret and blue by introducing the red-and-blue vertical stripes now associated with the club. The club stabilised itself in the top two divisions with promotions in 1977 and 1979, the latter saw the club crowned as Division Two champions.
During the period between 1989–91, the club reached an FA Cup Final in 1990, won the Full Members Cup in 1991, and finished in third place in the top division in the 1990–1991 season. Palace became founder members of the Premier League in 1992, but were relegated the same season, despite achieving 49 points which is still a Premier League record for a relegated club.
The club then achieved promotion back to the Premier League three times in 1994, 1997 and 2004, but each time suffered relegation at the end of the following season. Palace entered administration in both 2000 and 2010, and are now owned by a consortium of four. The club were promoted back to the Premier League with a 1–0 win over Watford in the Football League play-offs in May 2013, and have since retained their place among the elite.
Season 2016/2017 sees big spending by all teams with Manchester United topping the big spending league by paying a world record fee for Paul Pogba a player they let go for £800,000 several years before.