ON THIS DAY

The Rose Bowl in Pasadena, USA, saw the first World Cup final to be decided on a penalty shoot-out. After extra time had ended with the score at 0-0 Brazil beat Italy 3-2 on pens to win the title for the fourth time.

The day that the Premier League took a giant step to reality. The 22 clubs in the old First Division – led by the ‘big 5’ of Arsenal, Everton, Liverpool, Manchester United and Tottenham Hotspur – signed the Founder Members Agreement in which they agreed to set up a new league. That league would be separate from the existing Football League although there would be promotion and relegation between the Premier League and Football League with Premier League sides also remaining in the FA Cup and League Cup. The driving force behind the change was inevitably money. The top clubs wanted commercial independence from the Football League – and the FA – so they could negotiate their own TV deals and sponsorship agreements. They hoped the change would help the top clubs compete with the top teams in Europe…..and bank more money! The Premier League kicked off in the 1992/93 season.