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Nicknamed "the Red Devils", the club was founded as Newton Heath LYR Football Club in 1878, changed its name to Manchester United in 1902 and moved to its current stadium, Old Trafford, in 1910.Manchester United was the highest-earning football club in the world for 2016–17, with an annual revenue of €676.3 million, and the world's most valuable football club in 2017, valued at £2.86 billion. As of June 2015, it is the world's most valuable football brand, estimated to be worth $1.2 billion.Manchester United is one of the most widely supported football clubs in the world.