Manchester United Football Club is an English professional football club, based in Old Trafford, Greater Manchester, that plays in the Premier League. Founded as Newton Heath LYR Football Club in 1878, the club changed its name to Manchester United in 1902 and moved to Old Trafford in 1910.
In 1968, under the management of Matt Busby, Manchester United was the first English football club to win the European Cup, ten years after the Munich air disaster that claimed the lives of eight players. The current manager, Sir Alex Ferguson, is the most successful manager in English football history, having won 37 major honours since he took over in November 1986.
Manchester United is the most successful club in English football, having won 53 domestic trophies, comprising a record 19 league titles, a record 11 FA Cups, four League Cups and 19 FA Charity/Community Shields. The club has also been successful globally, winning seven international titles: three European Cups, one UEFA Cup Winners' Cup, one UEFA Super Cup, one Intercontinental Cup and one FIFA Club World Cup. In 1998–99, the club won a "Treble" of the Premier League, the FA Cup and the UEFA Champions League, an unprecedented feat for an English club.
Manchester United is one of the wealthiest and most widely supported football teams in the world. The club is said to be worth £1.13 billion, making it the world's most valuable football club. After being floated on the London Stock Exchange in 1991, the club was purchased by Malcolm Glazer in May 2005 in a deal valuing the club at almost £800 million.