The Valley is a 27,111-capacity sports stadium in Charlton, London, England and is the home of Charlton Athletic Football Club. In Charlton's early years, the club had a nomadic existence using several different grounds between its formation in 1905 and the beginning of World War I in 1914. The ground dates from 1919, at a time when Charlton were moderately successful and looking for a new home. The club found an abandoned sand and chalk pit in Charlton, but did not have sufficient funds to fully develop the site. An army of volunteer Charlton supporters dug out a massive pit for the pitch, and used the soil from the excavation to build up the sides. The ground's name most likely comes from its original valley-like appearance. The club played its first game at the ground before any seats, or even terraces, were installed; there was simply a roped-off pitch with the crowd standing or sitting on the adjoining earthworks. The unique circumstances of the ground's initial construction led to an unusually intense bond between the club's supporters and the site that exists to this day. In the 1923–24 season, Charlton played at the Mount stadium in Catford but in a much higher populated area. A proposed merger with Catford South End FC fell through and thus Charlton moved back to the Valley. In 1967, Len Silver the promoter at Hackney made an application to open Charlton as a British League speedway club, and plans were put forward to construct a track around the perimeter of the football pitch. The application to include speedway at the Valley was enthusiastically supported initially, but was eventually ruled out on the grounds of noise nuisance.