In 1968, under the management of Matt Busby, Manchester United was the first English football club to win the European Cup, ten years after the Munich air disaster that claimed the lives of eight players. The current manager, Sir Alex Ferguson has won 37 major honours since he took over in November 1986.
Manchester United has won the most titles in English football, with 53 domestic trophies, comprising a record 19 league titles, a record 11 FA Cups, four League Cups and 19 FA Charity/Community Shields. The club has also been successful globally, winning seven international titles: three European Cups, one UEFA Cup Winners' Cup, one UEFA Super Cup, one Intercontinental Cup and one FIFA Club World Cup. In 1998 � 99, the club won a "Treble" of the Premier League, the FA Cup and the UEFA Champions League, an unprecedented feat for an English club.
Manchester United is one of the wealthiest and most widely supported football teams in the world. As of July 2011, the club is number one in Forbes magazine's annual ranking of the world's 50 most valuable sports teams, valued at $1.86 billion. After being floated on the London Stock Exchange in 1991, the club was purchased by Malcolm Glazer in May 2005 in a deal valuing the club at almost £800 million.