History of Manchester United F.C. (1878–1945) April 1902, given that the team now had few ties with its origins; it was no longer based in Newton Heath, the new owners renamed the club Manchester United Football Club, after considering the alternative names "Manchester Celtic" and "Manchester Central". They also changed the team's colours to red and white. Having been saved from liquidation by four wealthy businessmen, the club played its first season as Manchester United in 1902–03. The badly needed injection of cash, plus some new players, gave the flagging side the boost it needed. They won 15 league games, notched up 38 points, and finished
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