Liverpool F.C. was founded after a dispute between Everton and John Houlding, the leaseholder of Anfield and Everton director. Fundamental difference emerged in how the club should be run when the club assessed the purchase the whole of the Anfield site. Houlding was accused of motives for personal financial gain. Everton who had been playing at Anfield for eight years departed from Houlding and Anfield moving to a new stadium in Goodison Park. Liverpool F.C. was founded by Houlding to play at the vacated Anfield. The original name was to be Everton F.C. and Athletic Grounds, Ltd., or Everton Athletic for short, but it was changed to Liverpool F.C. in June 1892 when The Football Association refused to recognise the team as Everton. The club won the Lancashire League in their first season, and successfully applied to join the Second Division for the following season. They won the league and were promoted to the First Division. They won their first title in 1900–01, and were champions again in 1905–06. They reached their first FA Cup final in 1914 but lost 1–0 to Burnley. The club won back-to-back championships in 1921–22 and 1922–23, but after this the club did not win another trophy until 1946–47 when they won the League for a fifth time. The club reached the FA Cup final in 1950, but lost to Arsenal. Liverpool struggled afterwards, and the club was relegated to the Second Division in the 1953–54 season. Liverpool floundered until the appointment of Bill Shankly as manager in 1959. On his appointment he released 24 players and began to reshape the team. Promotion to the First Division was achieved in 1961–62, and the club won the League for the first time in 17 years in 1963–64. Another League title followed in 1965–66, after the club had won their first FA Cup the previous season. The club won the League and UEFA Cup in 1972–73 and the FA Cup again a year later; after this, Shankly retired and was replaced by his assistant Bob Paisley. Paisley was even more successful than Shankly and the club won the League and UEFA Cup in 1975–76, his second season as manager. The following season they retained the League title, won the European Cup for the first time, but lost in the FA Cup final, narrowly missing out on a treble. Liverpool retained the European Cup the next season, and the season after won the League again with 68 points—a domestic record, conceding only 16 goals in 42 league matches. During the nine seasons Paisley managed the club, Liverpool won 21 trophies, including three European Cups, a UEFA Cup, six league titles and three consecutive League Cups. The only domestic trophy to elude him was the FA Cup. Paisley retired in 1983 and (as Shankly had done) handed the reins to his assistant, veteran coach Joe Fagan. The succession of coaches came from the Anfield Boot Room where the Liverpool staff discussed strategy and allegedly stored gin. Liverpool won three trophies in Fagan's first season in charge: the League, League Cup and European Cup, becoming the first English side to win three trophies in a season. Liverpool reached the European Cup final again in 1985. The match was against Juventus at the Heysel Stadium. Before kick-off, disaster struck: Liverpool fans breached a fence which separated the two groups of supporters and charged the Juventus fans. The resulting weight of people caused a retaining wall to collapse, killing 39 fans, mostly Italians. The match was played regardless and Liverpool lost 1–0 to Juventus. English clubs were consequently banned from participating in European competition for five years; Liverpool received a ten-year ban, which was later reduced to six years. Fourteen of their fans received convictions for involuntary manslaughter. Fagan resigned after the disaster and Kenny Dalglish was appointed as player-manager. During his reign, the club won another three League Championships and two FA Cups, including a League and Cup "Double" in 1985–86. Liverpool's success was overshadowed by the Hillsborough Disaster: in an FA Cup semi-final against Nottingham Forest on 15 April 1989, hundreds of Liverpool fans were crushed. 94 fans died that day; the 95th victim died in hospital from his injuries four days later, and the 96th died nearly four years later without regaining consciousness. After the Hillsborough tragedy there was a governmental review of stadium safety. Known as the Taylor Report, it paved the way for legislation which required top-division teams to have all-seater stadiums. The report ruled that the main reason for the disaster was overcrowding due to a failure of police control. Dalglish cited the Hillsborough Disaster and its repercussions as the reason for his resignation in 1991. He was replaced by former player Graeme Souness. Apart from winning the FA Cup in 1992, Souness achieved little success and was replaced by a former member of the "Boot Room", Roy Evans. Evans fared little better: a League Cup victory in 1995 was his only trophy. Gérard Houllier was appointed as co-manager in 1998–99, but was left in sole charge after Evans resigned in November 1998. In his second season in charge Liverpool won a unique treble of the FA Cup, League Cup and UEFA Cup. In the 2001-02 season, during which Houllier underwent major heart surgery, Liverpool finished second behind Arsenal. The following seasons failed to live up to expectations and Houllier was replaced by Rafael Benítez. The club finished fifth in his first season in charge but won the UEFA Champions League by beating Milan 3–2 in a penalty shootout after the match finished 3–3. The following season Liverpool finished third with 82 points—their highest total since 1988. They won the FA Cup as they had the Champions League victory the previous season, by beating West Ham United in penalty shootout after the match finished at 3–3. In 2006–07, the club's search for investment came to an end when American businessmen George Gillett and Tom Hicks became the owners of Liverpool in a deal which valued the club and its outstanding debts at £218.9 million. That season, the club reached another Champions League final, but this time lost 2–1 to Milan. Liverpool Football Club is a professional association football club based in Liverpool, England. The club plays in the Premier League, and it is the most successful club in the history of English football; the club has won more trophies than any other English club. Liverpool Football Club has won a record eighteen First Division titles, and seven League Cups. The club has won five European Cups, which is an English record and the FA Cup seven times. The club was founded in 1892, and quickly became a strong force in English football, winning five league championships between 1900 and 1947. However, Liverpool spent several years in the Second Division (level 2) during the late 1950s, and did not win promotion again until the appointment of Bill Shankly as manager in 1959. The club traditionally played in red and white, but this was changed to all red in the 1960s. Under Shankly's management, Liverpool won three League Championship titles, two FA Cups and a UEFA Cup; the club's first European trophy. In the past 30 years, they have been one of the most successful clubs in English and European football; they won four European Cups between 1977 and 1984. The club experienced a lean period during the 1990s, but saw a revival when they won a cup treble in 2001 and the club's fifth European Cup in 2005. The Heysel Stadium disaster made the club infamous in Europe; 39 Juventus fans died after a wall collapsed as they fled from charging Liverpool fans. The club was involved in a worse disaster four years later—the Hillsborough Disaster— which saw the death of 96 Liverpool fans in a crush against perimeter fencing. Flames were added to the club's crest in honour of the Liverpool fans who lost their lives at Hillsborough. Both disasters have had wide-ranging impacts on English and European football, and the club to this day. Liverpool F.C. has played at Anfield since its formation, but plans to move to a new stadium in Stanley Park, which was due to be completed by 2011 but has been put on hold until economic conditions improve. Liverpool has a large and diverse fan base, which holds long-standing rivalries with several clubs. The most notable of these is their rivalry with Manchester United, and Everton, with whom they regularly contest the Merseyside derby. Division One winners: 1900-01, 1905-06, 1921-22, 1922-23, 1946-47, 1963-64, 1965-66, 1972-73, 1975-76, 1976-77, 1978-79, 1979-80, 1981-82, 1982-83, 1983-84, 1985-86, 1987-88, 1989-90 Division Two winners: 1893-94, 1895-96, 1904-05, 1961-62 FA Cup winners: 1964-65, 1973-74, 1985-86, 1988-89, 1991-92, 2000-01, 2005-06 League Cup winners: 1980-81, 1981-82, 1982-83, 1983-84, 1994-95, 2000-01, 2002-03 European Cup/Champions League winners: 1976-77, 1977-78, 1980-81, 1983-84, 2004-05 UEFA Cup winners: 1972-73, 1975-76, 2000-01 European Super Cup winners: 1977, 2001, 2005 Super Cup winners: 1985-86 Legend: Kenny Dalglish, voted the best player in the club's history by the fans. Also a successful manager between 1985 and 1991, winning the double, League title and FA Cup, in 1986, title again in 1988 and 1990, and the FA Cup again in 1989. Terrace hero: Fernando Torres with his 33 goals in his first season in English football. His shirt outsells that of local hero Steven Gerrard. Finest hour: First European Cup success in 1977, beating Borussia Moenchengladbach in Rome final just days after FA Cup final defeat by Manchester United cost them domestic double. Lowest ebb: Hillsborough Disaster 1989. FA Cup semi-final against Nottingham Forest cost the lives of 96 of their fans.