The Booker Prize is awarded to "the best novel of the year written in English and published in the UK or Ireland." It was first awarded as the Booker Prize for Fiction in 1969 through funding provided by Booker Brothers, McConnell & Co., Ltd. In 2002, the Booker Prize Foundation was established when funding was taken over by the Man Group, PLC; at that time the award was renamed the "Man Booker Prize." In 2019, the Crankstart Foundation took over funding of the award it was renamed the Booker Prize.