Aston Villa Football Club is a professional football club based in Witton, Birmingham, that plays in the Premier League, the highest level of English football. Founded in 1874, they have played at their current home ground, Villa Park, since 1897. Aston Villa were the originators and founding members of the Football League in 1888. They were also founding members of the Premier League in 1992. The club were floated by the previous owner and chairman Doug Ellis, but in 2006 full control was acquired by American businessman Randy Lerner. Aston Villa are one of the oldest and most successful football clubs in the history of English football. Villa won the 1981–82 European Cup, and are thus one of five English clubs to win what is now the UEFA Champions League. They have the fifth highest total of major honours won by an English club, having won the First Division Championship seven times, the FA Cup seven times, the Football League Cup five times and the UEFA Super Cup in 1982. They have a fierce local rivalry with Birmingham City. The Second City derby between Aston Villa and Birmingham City has been played since 1879. The club's traditional kit colours are claret shirts with sky blue sleeves, white shorts and sky blue socks. Their traditional badge is of a rampant gold lion with the club's motto "Prepared" underneath; a modified version of this was adopted in 2007, and a further modification in 2016 removed the motto.