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The Boston Red Sox are an American professional baseball team based in Boston, Massachusetts. They compete in Major League Baseball as a member club of the American League East division. The team have won nine World Series championships, tied for the third-most of any MLB team, and they have played in 14. Their most recent World Series appearance and win was in 2018. In addition, they won the 1904 American League pennant, but were not able to defend their 1903 World Series championship when the New York Giants refused to participate in the 1904 World Series. Founded in 1901 as one of the American League's eight charter franchises, the Red Sox' home ballpark has been Fenway Park since 1912. The "Red Sox" name was chosen by the team owner, John I. Taylor, circa 1908, following the lead of previous teams that had been known as the "Boston Red Stockings", including the forerunner of the Atlanta Braves. The Red Sox were a dominant team in the new league, defeating the Pittsburgh Pirates in the first World Series in 1903 and winning four more championships by 1918.