Manchester United F.C. billion. 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, after which the company was taken private again, before going public once more in August 2012, when they made an initial public offering on the New York Stock Exchange. Manchester United is one of the most widely supported football clubs in the world, and has rivalries with Liverpool, Manchester City, Arsenal, and Leeds United. Manchester United was formed in 1878 as Newton Heath LYR Football Club by the Carriage
Manchester United F.C. in European football becoming the first English side to do so. Following their league title win the previous season, Manchester United first competed in European football competition in 1956–57. 1954–55 Football League winners Chelsea had been denied the opportunity to take part in the inaugural European Cup by The Football League's chairman Alan Hardaker, who feared that European football would damage the integrity of the English game. However, Matt Busby, the manager of Manchester United, was a forward-thinking man and was determined to have his team compete on the European stage. With the backing of The Football Association's chairman, Stanley Rous (who would