Chelsea

Founding and early years (1905–1952)

In 1904, English businessman Gus Mears acquired the Stamford Bridge athletics stadium in Fulham with the aim of turning it into a football ground. An offer to lease it to nearby Fulham F.C. was turned down, so Mears opted to found his own club to use the stadium. As there was already a team named Fulham in the borough, the name of the adjacent borough of Chelsea was chosen for the new club; names like Kensington FC, Stamford Bridge FC and London FC were considered. Chelsea F.C. was founded on 10 March 1905 at The Rising Sun pub (now The Butcher's Hook), opposite the present-day main entrance to the ground on Fulham Road, and were elected to the Football League shortly afterwards.

Chelsea won promotion to the First Division in their second season, and yo-yoed between the First and Second Divisions in its early years. The team reached the 1915 FA Cup final, where they lost to Sheffield United at Old Trafford, and finished third in the First Division in 1920, the club's best league campaign to that point. Chelsea had a reputation for signing star players and attracted large crowds. The club had the highest average attendance in English football in ten separate seasons including 1907–08, 1909–10, 1911–12, 1912–13, 1913–14 and 1919–20. They were FA Cup semi-finalists in 1920 and 1932 and remained in the First Division throughout the 1930s, but success eluded the club in the inter-war years.

Modernisation and the first league championship (1952–1983)

Former Arsenal and England centre-forward Ted Drake was appointed manager in 1952 and proceeded to modernise the club. He removed the club's Chelsea pensioner crest, improved the youth set-up and training regime, rebuilt the side with shrewd signings from the lower divisions and amateur leagues, and led Chelsea to their first major trophy success – the League championship – in 1954–55. The following season saw UEFA create the European Champions' Cup, but after objections from The Football League, Chelsea were persuaded to withdraw from the competition before it started. Chelsea failed to build on this success, and spent the remainder of the 1950s in mid-table. Drake was dismissed in 1961 and replaced by player-coach Tommy Docherty.

Docherty built a new team around the group of talented young players emerging from the club's youth set-up, and Chelsea challenged for honours throughout the 1960s, enduring several near-misses. They were on course for a treble of League, FA Cup and League Cup going into the final stages of the 1964–65 season, winning the League Cup but faltering late on in the other two. In three seasons the side were beaten in three major semi-finals and were FA Cup runners-up. Under Docherty's successor, Dave Sexton, Chelsea won the FA Cup in 1970, beating Leeds United 2–1 in a final replay. The following year, Chelsea took their first European honour, a UEFA Cup Winners' Cup triumph, with another replayed win, this time over Real Madrid in Athens.

Redevelopment and financial crisis (1983–2003)

The late 1970s through to the '80s was a turbulent period for Chelsea. An ambitious redevelopment of Stamford Bridge threatened the financial stability of the club, star players were sold and the team were relegated. Further problems were caused by a notorious hooligan element among the support, which was to plague the club throughout the decade. In 1982, at the nadir of their fortunes, Chelsea were acquired by Ken Bates from Mears' great-nephew Brian Mears, for the nominal sum of £1. Bates bought a controlling stake in the club and floated Chelsea on the AIM stock exchange in March 1996 although by now the Stamford Bridge freehold had been sold to property developers, meaning the club faced losing their home. On the pitch, the team had fared little better, coming close to relegation to the Third Division for the first time, but in 1983 manager John Neal put together an impressive new team for minimal outlay. Chelsea won the Second Division title in 1983–84 and established themselves in the top division with two top-six finishes, before being relegated again in 1988. The club bounced back immediately by winning the Second Division championship in 1988–89.