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Post  chickengold92 on Thu Oct 21, 2010 10:17 pm

Liverpool Football Club is an English professional football club based in Anfield, Liverpool. The club currently plays in the Premier League, of which it was a founding member in 1992, and has competed in European competition every year since the 1999–2000 season. The club was founded in 1892 when Everton left Anfield after a dispute over rent. They were admitted to the Football League a year later, and first competed in Europe during the 1964–65 season. Liverpool have played at Anfield since their foundation, although the club have plans to move to a new stadium in the nearby Stanley Park.

Having won a joint-record 18 league titles, seven FA Cups and a record seven League Cups, Liverpool is the joint most successful club in the history of English football and one of the wealthiest and most widely supported football teams in the world. The club is the most successful English club in European competition, having won five European Cups and three UEFA Cups.

The club have long-standing rivalries with several other clubs, particularly the local rivalry with Everton and an intense rivalry with Manchester United. The club's supporters have been involved in two major tragedies. The first was the Heysel Stadium disaster in 1985, where charging Liverpool fans caused a wall to collapse, resulting in the death of 39 Juventus supporters. The Hillsborough Disaster occurred four years later, 96 Liverpool supporters lost their lives due to a crush against perimeter fencing.

After a lengthy search for investment the club was purchased by George Gillett, Jr. and Tom Hicks in February 2007, in a deal that valued the club at £218.9 million. Liverpool are the sixth most valuable club in the world as of 2010, valued at $822m (£532m), excluding debt.[2] The club is currently seventh in the Deloitte Football Money League. In October 2010, John W. Henry and New England Sports Ventures, owners of the Boston Red Sox, agreed to purchase the team for an undisclosed amount; the deal was approved by the Premier League on the 8th October [3] but remains pending until the resolution of a legal dispute with Hicks and Gillett over the board membership.[4]
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