The award was renamed in his honour in 1996, following his death in 1994, and a new trophy was commissioned – a scaled-down replica of the statue of Busby at the east end of Old Trafford.
The first winner of the award was Brian McClair in 1988, who also became the first player to win it twice, having also won it in 1992.
Since then, seven other players have won the award more than once, of which five have won it in consecutive seasons: Roy Keane (1999, 2000), Ruud van Nistelrooy (2002, 2003), Cristiano Ronaldo (2007, 2008), David de Gea (2014, 2015, 2016), and Bruno Fernandes (2020, 2021).
Ronaldo's 2008 win made him the first player to receive the award three times, having also won in 2004.
Voting takes place towards the end of each season, usually in April, and is open to anyone who has an account on the club's official website.