Liverpool Football Club - History

Liverpool Football Club is an English professional football club based in Liverpool, Merseyside, playing in the Premier League. Liverpool has won eighteen League titles, second most in English football, seven FA Cups and a record eight League Cups. Liverpool has won more European titles than any other English club, having won five European Cups (most recently in 2005), three UEFA Cups and three UEFA Super Cups.

Liverpool was founded in 1892 and admitted into the Football League the following year. The club has played at its home ground, Afield, since its formation; although since 2002 there have been plans to move to a new stadium in Stanley Park. The most successful period in Liverpool's history was the 1970s and '80s, when Bill Shankly and Bob Paisley led the club to eleven league titles and seven European trophies.

The club's supporters have been involved in two major tragedies. The first was the Heysel Stadium disaster in 1985, in which charging Liverpool fans caused a wall to collapse, killing 39 Juventus supporters. In the 1989 Hillsborough disaster, 96 Liverpool supporters lost their lives in a crush against perimeter fencing.

Liverpool has long-standing rivalries with neighbors Everton and Manchester United. The team has played at home in an all-red strip since 1964, when manager Bill Shankly changed it from red shirts and white shorts in an effort to intimidate the opposition.

In the 2009–10 seasons, Liverpool finished seventh in the Premier League and failed to qualify for the Champions League. Benítez subsequently left by mutual consent and was replaced by Fulham manager Roy Hodgson. For much of Liverpool's history its home colours have been all red, but when the club was founded its kit was more like the contemporary Everton kit. The city's symbol of the liver bird was adopted as the club's badge in 1901.

Liverpool is one of the best supported clubs in the world, with one of the highest average home attendances in Europe. The club's worldwide fan base includes more than 200 officially recognized branches of the Association of International Branches (AIB) in at least 30 countries.

As the owner of Anfield and founder of Liverpool F.C., John Houlding was the club's first chairman, a position he held from its founding in 1892 until 1904. John McKenna took over as chairman after Holding’s departure. McKenna subsequently became President of the Football League.

Moores eventually sold the club to American businessmen George Gillett and Tom Hicks on 6 February 2007. The deal valued the club and its outstanding debts at £218.9 million. The pair paid £5,000 per share, or £174.1m for the total shareholding and £44.8m to cover the club's debts. Liverpool was sold to Fenway Sports Group on 15 October 2010 for £300m.

 In April 2010 business magazine Forbes ranked Liverpool as the sixth most valuable football team in the world, behind Manchester United, Real Madrid, Arsenal, Barcelona and Bayern Munich; they valued the club at $822m (£532m), excluding debt.

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