1978. 1990s The twice Slovak football champions (1997, 1998) were relegated from the premier division in 2003 after the proposed sale of the club to Italian owners in 2001 by the former owner and late VSŽ steelmaking tycoon Alexander Rezeš fell through. Although Rezeš's dream to turn 1. FC Košice into a top European club never came true, he managed to lift an average second division team to the first group stage of the UEFA Champions' League in 1997–98. However, the next year's failure to make the same stage of the major European competition, and failure to defend the league title, combined with the change of government which undermined the position of the Rezeš clan (Alexander Rezeš was economy minister of Vladimír Mečiar's government in 1994–97) represented the beginning of the end of the "millionaires". Their home stadium was the Všešportový areál. 1997–98 Champions League campaign 1. FC famously became the first Slovak club to reach the lucrative UEFA Champions League Group Stages when they did so in the 1997–98 season. Also during this Champions League campaign, 1. FC Košice became the first club in the Champions League history to record no points at all in the group stage, losing all their six games. 1. FC Košice are best known outside their homeland for their two clashes with Manchester United in the 1997–98 European Champions League group stages. Manchester United won both legs with the same score, 3–0. During this brief campaign in Europe's most prestigious club competition, Košice suffered a tragedy when midfielder Milan Čvirk was killed and striker Albert Rusnák was seriously injured in a car crash. Recent history 2003–04 season, on the brink of financial collapse and relegation from the second division, the owners of 1. FC, were offered help by the president of Steel Trans Ličartovce Blažej Podolák, one of the favourites to advance to the premier league that season. Steel Trans also paid for the Čermeľ stadium in Košice, where all former 1. FC teams – now under the protective wings of Ličartovce played their matches. In 2004–05 season 1.FC Košice in effect became reserve team of Steel Trans Ličartovce, playing in the third division, group East. Košice, the second largest city in Slovakia, now had no club in the top two divisions (although many can remember two in the Czechoslovak federal league). Reformed on 17 June 2005, FC Steel Trans Ličartovce was renamed MFK