The football club, called Respect FC, has been set up not to win trophies but to unite fans against bad behaviour by supporters and players.
As part of the initiative, the FA has pledged to put back £1 into grassroots football for every fan who signs up to the initiative.
The move forms part of the FA's Respect programme, launched in 2008, which is aimed at improving standards of behaviour on and off the football pitch.
Members of Respect FC will be able to vote online at and give their input about how the money is to be used at the end of the 2010/2010 season.
A campaign, undertaken by Iris, is supporting the venture.
Watson, the chairman of Respect FC, said: "We know that it's so much easier to take a stand against poor behaviour if you are not on your own, if you have someone else on your team.
"Collectively, we can stand up to the gobby morons. If you'd like to show the people spoiling our game what they're up against, go to to join my new football club, Respect FC, the club with one goal – to rid the game of the gobby morons."
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