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, Alex Ferguson, is the most successful manager in the club's history, having won 26 major honours since he took over in November 1986.
Having won 18 league titles, four League Cups and a record 11 FA Cups, Manchester United is one of the most successful clubs in the history of English football. The club has also won three European Cups and is unique in having won a Premier League, FA Cup and UEFA Champions League Treble, in the 1998—99 season.
Manchester United is one of the wealthiest and most widely supported football teams in the world. The club is said to be worth £1.19 billion, making it the most valuable football club in the world. 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.