Everton Football Club has been granted permission by the government to open a Free School - making it the first Premier League club in the country to be given approval.
The school, due to open in September 2012, will receive government funding and will be run by the club's charity arm.
Everton FC chief executive Robert Elstone said the move demonstrated the club's desire to "make a difference where it counts".
The Everton in the Community Free School will provide education and sports tuition for 120 pupils aged 14 to 19. The approval was announced on Monday in the House of Commons by Education Secretary Michael Gove.
Everton FC manager David Moyes added: "It will, unquestionably, provide a real chance for some less-privileged, less-fortunate children to embrace and benefit from a high-quality education."
The football club is the latest sports organisation to open an education institution after the Department for Education confirmed in October Silverstone motor racing circuit would be used as the base for a new university technical college.