The Football League Trophy is a knockout competition in English football, primarily for teams in the EFL League One and EFL League Two. Established in 1983, it provides clubs outside the top tier a chance to compete for silverware. The tournament features a series of matches leading to a final, typically held at Wembley Stadium. The trophy is also known for its sponsorship changes over the years, with various companies backing the event. It has been a platform for emerging talent and offers clubs the opportunity to gain valuable experience in a competitive environment.