There are 20 teams in the Premier League of England (otherwise known as Barclays Premiere League or English Premier League). Because there are only 20 spots in the league, teams can be promoted from or relegated to the lower divisions based on that season's performance. Since its founding in 1992, only seven clubs have never left the Premier League: Arsenal, Aston Villa, Chelsea, Everton, Liverpool, Manchester United, and Tottenham Hotspur.
The twenty teams playing in the Premier League for the 2014-2015 season are Arsenal, Aston Villa, Burnley, Chelsea, Crystal Palace, Everton, Hull City, Leicester City, Liverpool, Manchester City, Manchester United, Newcastle United, Queens Park Rangers, Southampton, Stoke City, Sunderland, Swansea City, Tottenham Hotspur, West Bromwich Albion, and West Ham United.
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There are 20 teams in total in the premiership. Outside of England, the premiership is known as the English Premier League.
40 in total between 1992 and current season 2007. See http://www.premierleague.com/page/Statistics/0,,12306,00.html
There are 20 teams in the English football premiership.
Strictly speaking, it's called the "Premier League" now.