The Scottish Premier League [SPL] was founded in 1998-1999.
The only current Scottish Premier League football team to have been founded in 1903 is Aberdeen F.C.
Wigan Athletic (founded 1932)
The football/soccer league known as the Scottish Premier League was founded in 1998. At its inception, the league had 10 clubs, but has expanded to have 12 currently. As of 2013, only two teams have won championships: Celtic and Rangers.
Stoke City (founded in 1863).
The Premier League was founded in 1992 and has only been won by four teams; Chelsea, Manchester United, Arsenal and Blackburn Rovers.
Since the Premier League was founded in 1992, the lowest position Arsenal have finished is 12th in the 1994/95 season
The team Wolverhampton Wanderers was founded in 1877 and plays (at the moment) in the Football League Championship, which is just below the Premier League.
Stoke, founded in 1863.
Because it's seen as the most prestigious league in the world. It is also officially Barclay's Premier League or the English Premier League and is just shortened to plain premier league.
The Premier League used to be called the Football League First Division but in 1992 the teams in the Premier League branched off from this championship. There is really no reason that the Premier League is called the Premier League other than Premier meaning good and needing to incorporate "League" in the name. Note that at the moment the Premier League is called the Barclays Premier League because of sponsorship (Barclays being the bank.)