The FA Cup, or the Football Association Challenge Cup, is an annual knockout football competition in mens domestic English football. It is the oldest national football competition in the world, first played during the 1871-72 season. The competition is open to any club from the Premier League all the way down to the 10th level of English football. The format of the competition involves teams being selected randomly in a draw, which is often shown live on television and decides which team plays at their home ground and which team plays away. The competition starts in August when the non-league and amateur teams enter the draw, and the big professional teams such as Manchester United, Chelsea, and Liverpool dont enter the competition until the third round in January. The eventual winners of the competition receive the FA Cup, which is only loaned to the club by the FA and must be returned by 1 March, or earlier if given seven days notice. The FA Cup final is traditionally played at Wembley Stadium in London, and the most successful club in FA Cup tournament history is Arsenal, who have won 14 championships overall.