Arsenal was founded in 1886 in Woolwich and in 1893 became the first club from the south of England to join the Football League. In 1913, it moved north across the city to Arsenal Stadium in Highbury. In the 1930s the club won five League Championship titles and two FA Cups. After a lean period in the post-war years it won the League and FA Cup Double, in the 1970–71 season, and in the 1990s and first decade of the 21st century won two more Doubles and reached the 2006 UEFA Champions League Final.
Arsenal has a long-standing rivalry with North London neighbours Tottenham Hotspur, with whom it contests the North London derby. Arsenal is the fourth most valuable association football club in the world as of 2013, valued at more than $1.3 billion.
Arsenal Football Club started out as Dial Square in 1886 by workers at the Royal Arsenal in Woolwich, south-east London, and was renamed Royal Arsenal shortly afterwards.[4] The club was renamed again to Woolwich Arsenal after becoming a limited company in 1893.[5] The club became the first southern member of the Football League in 1893, starting out in the Second Division, and won promotion to the First Division in 1904. The club's relative geographic isolation resulted in lower attendances than those of other clubs, which led to the club becoming mired in financial problems and effectively bankrupt by 1910, when they were taken over by businessmen Henry Norris and William Hall.[6] Norris sought to move the club elsewhere, and in 1913, soon after relegation back to the Second Division, Arsenal moved to the new Arsenal Stadium in Highbury, North London; they dropped "Woolwich" from their name the following year.[7] Arsenal only finished in fifth place in the second division during the last pre-war competitive season of 1914–15, but were nevertheless elected to rejoin the First Division when competitive football resumed in 1919–20, at the expense of local rivals Tottenham Hotspur. Some books have reported that this election to division 1 was achieved by dubious means.[8]
Arsenal appointed Herbert Chapman as manager in 1925. Having already won the league twice with Huddersfield Town in 1923–24 and 1924–25 (see Seasons in English football), Chapman brought Arsenal their first period of major success. His revolutionary tactics and training, along with the signings of star players such as Alex James and Cliff Bastin, laid the foundations of the club's domination of English football in the 1930s.[9] Under his guidance Arsenal won their first major trophies – victory in the 1930 FA Cup Final preceded two League Championships, in 1930–31 and 1932–33. In addition, Chapman was behind the 1932 renaming of the local London Underground station from "Gillespie Road" to "Arsenal", making it the only Tube station to be named specifically after a football club.[10]
Chapman died suddenly of pneumonia in early 1934, leaving Joe Shaw and George Allison to carry on his successful work. Under their guidance, Arsenal won three more titles, in 1933–34, 1934–35 and 1937–38, and the 1936 FA Cup while also