Manchester United F.C. May. Even after the cut, Manchester United was valued at $2.3 billion, making it the most valuable football club in the world. Manchester United are one of the most successful clubs in Europe in terms of trophies won. The club's first trophy was the Manchester Cup, which it won as Newton Heath LYR in 1886. In 1908, the club won its first league title, and won the FA Cup for the first time the following year. Manchester United won the most trophies in the 1990s; five league titles, four FA Cups, one League Cup, five Charity Shields (one shared), one
Manchester United F.C. 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 principal benefactor John Henry 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