Manchester United is a professional football club based in Old Trafford, Greater Manchester. One of the most successful sports franchises in England, the team was founded as Newton Heath LYR Football Club in 1878 before it was renamed Manchester United in 1902. A competitor in the Premiere League, the team plays its home matches at Old Trafford stadium and has heated rivalries with several teams, though most notably with Liverpool FC. Rooted in the cities' competitive relationship during the Industrial Revolution, the Manchester United-Liverpool FC rivalry is one of the most celebrated in England, with Manchester and Liverpool holding the the first and second spots, respectively, as the nation's most decorated football club.