Premise: Liverpool Football Club ( [ ˈlɪvərpuːl ] ) is a professional association football club based in Liverpool , Merseyside , England . Liverpool established itself as a major force in both English and European football during the 1970s and 1980s when Bill Shankly and Bob Paisley led the club to 11 League titles and seven European trophies . Liverpool was the ninth highest-earning football club in the world for 2014 -- 15 , with an annual revenue of $ 391 million , and the world 's eighth most valuable football club in 2016 , valued at $ 1.55 billion . The team changed from red shirts and white shorts to an all-red home strip in 1964 which has been used ever since .
Hypothesis: Liverpool F.C. is a team.
Label: ENTAILMENT