Watford Football Club are an English professional football club based in Watford, Hertfordshire. As of the 2006-07 season, they play in the Premier League, the top tier of the English football league system - but a draw with Manchester City FC on April 21st has consigned them to relegation to the Football League Championship for the 2007/2008 season. They were promoted to the Premiership after a 3-0 victory over Leeds United in the Championship play-off final on 21 May 2006. The club was founded in 1881, first playing at Cassio Road ground, before moving to Vicarage Road in 1922, where they remain to this day. Since 1997 they have shared the ground with Saracens Rugby Club. The club has the nickname of The Hornets due to its yellow and black strip. Watford have a long-standing rivalry with nearby Luton Town. The club is best known for its two spells under the management of former England manager Graham Taylor. The first lasting from 1977 to 1987, when the club rose to the old Division One from Division Four, also reaching the FA Cup final in 1984 and competing in the UEFA Cup. The second lasting from 1997 to 2001, when Taylor took the club from Division Two to the Premiership in successive seasons. During both of these eras the club was owned by Elton John, who is now the club's honorary life president. Full article on Wikipedia