Wembley Stadium (often referred to simply as Wembley, pronounced /ˈwɛmbli/, or sometimes as the New Wembley, to differentiate it from the former stadium on the same site) is a football stadium located in Wembley Park, in the London Borough of Brent, England, which opened in 2007 on the site of the previous 1923 structure. The 90,000 capacity venue is the second largest stadium in Europe, and serves as England's national stadium. It is the home venue of the England national football team, and hosts the latter stages of the top level domestic club cup competition, the FA Cup. It held UEFA five-star stadium status which was superseded by a new system of classification. It is owned by English football's governing body, the Football Association (The FA) through their subsidiary Wembley National Stadium Ltd (WNSL). The old Wembley stadium, which opened in 1923 as the Empire Stadium, often referred to as "The Twin Towers", was one of the world's most famous football stadiums until its demolition in 2003.