History of Manchester United F.C. (1945–69) replace Harry Gregg. History of Manchester United F.C. (1945–69) 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, and changed its name to Manchester United in 1902. United had been league champions in 1908 and 1911, as well as winning the FA Cup in 1909, but the interwar years were less successful as financial problems blighted the club, who spent the 1920s, and 1930s bouncing between the First and Second Divisions. The club's Old Trafford stadium was then
Glazer ownership of Manchester United 28 June said that Red Football's shareholding had reached 98% (259,950,194 shares), prompting a squeeze out of the remaining shareholders. The final valuation of the club was almost £790 million (approximately $1.5 billion at the exchange rate at the time). As a result of the Glazer takeover, a small group of disgruntled Manchester United supporters created a new club called F.C. United of Manchester. This so-called "phoenix club" was accepted into the North West Counties Football League second division, six promotions away from The Football League, and secured promotion in each of its first three seasons, twice as league champions.