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.
Manchester  United was formed in 1878 as Newton Heath LYR  Football Club by the  Carriage and Wagon department of the Lancashire and  Yorkshire Railway  depot at Newton Heath. The team initially played  games against other  departments and rail companies, but on 20 November  1880, they competed  in their first recorded match; wearing the colours  of the railway  company – green and gold – they were defeated 6–0 by  Bolton Wanderers'  reserve team. By 1888, the club had become a founding  member of The  Combination, a regional football league. 
However,   following the league's dissolution after just one season, Newton Heath   joined the newly formed Football Alliance, which ran for three seasons   before being merged with the Football League. This resulted in the  club  starting the 1892–93 season in the First Division, by which time  it had  become independent of the rail company and dropped the "LYR"  from its  name. After just two seasons, the club was relegated to the  Second  Division. In January 1902, with debts of £2,670 – equivalent to  £210,000  as of 2011 – the club was served with a winding-up order.  Captain Harry  Stafford found four local businessmen, including John  Henry Davies (who  became club president), each willing to invest £500  in return for a  direct interest in running the club and who  subsequently changed the  name; on 24 April 1902, Manchester United was  officially born. 
Under   Ernest Mangnall, who assumed managerial duties in 1903, the team   finished as Second Division runners-up in 1906 and secured promotion to   the First Division, which they won in 1908 – the club's first league   title. The following season began with victory in the first ever Charity   Shield and ended with the club's first FA Cup title. Manchester United   won the First Division for the second time in 1911, but at the end of   the following season, Mangnall left the club to join Manchester City.  In  1922, three years after the resumption of football following the  First  World War, the club was relegated to the Second Division, where  it  remained until regaining promotion in 1925.
Relegated again in 1931, Manchester United became a yo-yo club, achieving its all-time lowest position of 20th place in the Second Division in 1934. Following the death of the club's principal benefactor, J. H. Davies, in October 1927, the club's finances deteriorated to the extent that Manchester United would likely have gone bankrupt had it not been for James W. Gibson, who, in December 1931, invested £2,000 and assumed control of the club. In the 1938–39 season, the last year of football before the Second World War, the club finished 14th in the First Division.
Relegated again in 1931, Manchester United became a yo-yo club, achieving its all-time lowest position of 20th place in the Second Division in 1934. Following the death of the club's principal benefactor, J. H. Davies, in October 1927, the club's finances deteriorated to the extent that Manchester United would likely have gone bankrupt had it not been for James W. Gibson, who, in December 1931, invested £2,000 and assumed control of the club. In the 1938–39 season, the last year of football before the Second World War, the club finished 14th in the First Division.
In  October 1945, the impending resumption of football led to the   managerial appointment of Matt Busby, who demanded an unprecedented   level of control over team selection, player transfers and training   sessions. Busby led the team to second-place league finishes in 1947,   1948 and 1949, and to FA Cup victory in 1948. In 1952, the club won the   First Division, its first league title for 41 years. With an average  age  of 22, the media labelled the back-to-back title winning side of  1956  "the Busby Babes", a testament to Busby's faith in his youth  players. In  1957, Manchester United became the first English team to  compete in the  European Cup, despite objections from The Football  League, who had  denied Chelsea the same opportunity the previous  season. 
En  route to the  semi-final, which they lost to Real Madrid, the team  recorded a 10–0  victory over Belgian champions Anderlecht, which  remains the club's  biggest victory on record. The following season, on  the way home from a  European Cup quarter-final victory against Red Star  Belgrade, the  aircraft carrying the Manchester United players,  officials and  journalists crashed while attempting to take off after  refuelling in  Munich, Germany. The Munich air disaster of 6 February  1958 claimed 23  lives, including those of eight players – Geoff Bent,  Roger Byrne, Eddie  Colman, Duncan Edwards, Mark Jones, David Pegg,  Tommy Taylor and Billy  Whelan – and injured several more. Reserve team  manager Jimmy Murphy  took over as manager while Busby recovered from  his injuries and the  club's makeshift side reached the FA Cup final,  which they lost to  Bolton Wanderers. 
In  recognition of the team's tragedy, UEFA invited the  club to compete in  the 1958–59 European Cup alongside eventual League  champions  Wolverhampton Wanderers. Despite approval from the FA, the  Football  League determined that the club should not enter the  competition, since  it had not qualified. Busby rebuilt the team through  the 1960s by  signing players such as Denis Law and Pat Crerand, who  combined with  the next generation of youth players – including George  Best – to win  the FA Cup in 1963. The following season, they finished  second in the  league, then won the title in 1965 and 1967. In 1968,  Manchester United  became the first English club to win the European Cup,  beating Benfica  4–1 in the final[30] with a team that contained three  European  Footballers of the Year: Bobby Charlton, Denis Law and George  Best.  Matt Busby resigned as manager in 1969 and was replaced by the  reserve  team coach, former Manchester United player Wilf McGuinness. 
Following  an eighth-place finish in the 1969–70 season and a poor start  to the  1970–71 season, Busby was persuaded to temporarily resume  managerial  duties, and McGuinness returned to his position as reserve  team coach.  In June 1971, Frank O'Farrell was appointed as manager, but  lasted less  than 18 months before being replaced by Tommy Docherty in  December  1972. Docherty saved Manchester United from relegation that  season,  only to see them relegated in 1974; by that time the trio of  Best, Law,  and Charlton had left the club.[30] The team won promotion at  the  first attempt and reached the FA Cup final in 1976, but were beaten  by  Southampton. They reached the final again in 1977, beating Liverpool   2–1. Docherty was dismissed shortly afterwards, following the   revelation of his affair with the club physiotherapist's wife. Dave   Sexton replaced Docherty as manager in the summer of 1977. 
Despite  major  signings, including Joe Jordan, Gordon McQueen, Gary Bailey, and  Ray  Wilkins, the team failed to achieve any significant results; they   finished in the top two in 1979–80 and lost to Arsenal in the 1979 FA   Cup Final. Sexton was dismissed in 1981, even though the team won the   last seven games under his direction. He was replaced by Ron Atkinson,   who immediately broke the British record transfer fee to sign Bryan   Robson from West Bromwich Albion. Under Atkinson, Manchester United won   the FA Cup twice in three years – in 1983 and 1985. In 1985–86, after  13  wins and two draws in its first 15 matches, the club was favourite  to  win the league, but finished in fourth place. The following season,  with  the club in danger of relegation by November, Atkinson was  dismissed.  Alex Ferguson and his assistant Archie Knox arrived from  Aberdeen on the  day of Atkinson's dismissal, and guided the club to an  11th-place  finish in the league. Despite a second-place finish in  1987–88, the club  was back in 11th place the following season.  Reportedly on the verge of  being dismissed, victory over Crystal Palace  in the 1990 FA Cup Final  replay (after a 3–3 draw) saved Ferguson's  career. 
The  following season,  Manchester United claimed its first Cup Winners' Cup  title and competed  in the 1991 UEFA Super Cup, beating European Cup  holders Red Star  Belgrade 1–0 in the final at Old Trafford. A second  consecutive League  Cup final appearance followed in 1992, in which the  team beat Nottingham  Forest 1–0 at Wembley. In 1993, the club won its  first league title  since 1967, and a year later, for the first time  since 1957, it won a  second consecutive title – alongside the FA Cup –  to complete the first  "Double" in the club's history. Manchester  United's 1998–99 season was  the most successful in English club  football history as they became the  first team to win the Premier  League, FA Cup and UEFA Champions League –  "The Treble" – in the same  season. Losing 1–0 going into injury time in  the 1999 UEFA Champions  League Final, Teddy Sheringham and Ole Gunnar  Solskjær scored late  goals to claim a dramatic victory over Bayern  Munich, in what is  considered one of the greatest comebacks of all time.  The club also won  the Intercontinental Cup after beating Palmeiras 1–0  in Tokyo. 
Ferguson  was subsequently knighted for his services to  football. In 2000,  Manchester United competed in the inaugural FIFA Club  World  Championship in Brazil, and won the league again in the 1999–2000  and  2000–01 seasons. The team finished as runners-up in 2001–02, before   regaining the title in 2002–03. They won the 2003–04 FA Cup, beating   Millwall 3–0 in the final at the Millennium Stadium in Cardiff. In the   2005–06 season, Manchester United failed to qualify for the knockout   phase of the UEFA Champions League for the first time in over a decade,   but recovered to secure a second-place league finish and victory over   Wigan Athletic in the 2006 Football League Cup Final. 
The  club regained  the Premier League in the 2006–07 and 2007–08 seasons,  and completed the  European double by beating Chelsea 6–5 on penalties  in the 2008 UEFA  Champions League Final in Moscow's Luzhniki Stadium.  Ryan Giggs made a  record 759th appearance for the club in this game,  overtaking previous  record holder Bobby Charlton. In December 2008, the  club won the 2008  FIFA Club World Cup and followed this with the  2008–09 Football League  Cup, and its third successive Premier League  title. That summer,  Cristiano Ronaldo was sold to Real Madrid for a  world record £80  million. In 2010, Manchester United defeated Aston  Villa 2–1 at Wembley  to retain the League Cup, its first successful  defence of a knockout cup  competition.
The  club crest is derived from the Manchester City Council coat of arms,   although all that remains of it on the current crest is the ship in   full sail. The devil stems from the club's nickname "The Red Devils"; it   was included on club programmes and scarves in the 1960s, and   incorporated into the club crest in 1970, although the crest was not   included on the chest of the shirt until 1971 (unless the team was   playing in a Cup Final). A photograph of the Newton Heath team, taken in   1892, is believed to show the players wearing a red-and-white  quartered  jerseys and blue shorts. Between 1894–96, the players wore  distinctive  green and gold jerseys which were replaced in 1896 by white  shirts,  which were worn with blue shorts. After its name change in  1902, the  club colours were changed to red shirts, white shorts, and  black socks,  which has become the standard Manchester United home kit. 
Very  few  changes were made to the kit until 1922 when the club adopted  white  shirts bearing a deep red "V" around the neck, similar to the  shirt worn  in the 1909 FA Cup Final. They would remain part of their  home kits  until 1927. In 1934, players sported cherry and white hooped  shirts, but  the following season the red shirt was recalled after the  club's lowest  ever league placing of 20th in the Second Division. The  black socks  were changed to white from 1959 to 1965, where they were  replaced with  red socks up until 1971, when the club reverted to black.  The current  home kit is a red shirt with a white collar, worn with  white shorts and  black socks. The Manchester United away strip has more  often than not  been a white shirt, black shorts and white socks, but  there have been  several exceptions. 
These  include the navy blue shirt with silver  horizontal pinstripes worn  during the 1999–2000 season, and the current  away kit which is a white  shirt with red and black flashes on the  sleeves, with black shorts and  white socks. An all-grey away kit worn  during the 1995–96 season was  dropped after just two games because  players claimed to have trouble  finding their team-mates against the  crowd. In 2001, to celebrate 100  years as "Manchester United", a  reversible white/gold away kit was  released, although the actual match  day shirts were not reversible. 
The  club's third kit is often all-blue,  this was most recently the case  during the 2008–09 season, to celebrate  40 years since it was worn for  the club's first European Cup win in  1968. Exceptions include  blue-and-white striped shirts worn during the  1994–96 season, an all  black kit worn during the Treble winning season,  and white shirts with  black-and-red horizontal pinstripes worn between  2003–05. The club's  2008–09 season away kit – a white shirt with blue  and red trim, worn  with blue shorts and white socks – was used as the  club's third kit  during the 2009–10 season. 
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