Reading FC is based in the English town of Reading, in Berkshire. Formed in 1871 the club is one of the oldest teams in England, but did not join the Football League until 1920, and did not play in the top tier of English football until the 2006–07 season. They were originally nicknamed The Biscuitmen after one of the main trades in the town, Huntley & Palmers biscuits, but changed to the Royals in the 1970s, (due to Reading's location in the Royal County of Berkshire) when the company closed their factory. They were founder members of the Southern League in 1894 and In 1896 they moved to the purpose-built Elm Park. The highlight of the club’s early history was winning the Southern League’s Second Division title in 1911. Reading were one of the clubs chosen en bloc from the Southern Division to form the new Third Division of the Football League in 1920. They were to spend the majority of the time since then in the third and fourth tiers of the League, with occasional flirtations with the second tier. Reading's best performance in the FA Cup came in 1926–27 when they lost to eventual winners Cardiff City in the semi-final. When the regional divisions were scrapped in 1958, Reading were placed in Division Three and remained there until being relegated to Division Four in 1971 In 1976 they won promotion only to drop back again the following seasons. In 1979, Reading won the Fourth Division championship for the first time. The 1982-83 season almost saw Reading go out of business. Relegated back to Division Four and facing a financial crisis, plans were made to sell off Elm Park and merge the club with Robert Maxwell's Oxford United to form a new club to be known as Thames Valley Royals which was eventually abandoned. Reading bounced back winning promotion in 1984. Two seasons later, in 1986, the club won the Third Division title and returned to Division Two after an absence of 55 years. Once again the club's success was short lived and after two seasons Reading were relegated.