The original Football Association rule book, first written in 1863, has been put on display at the British Museum, Wednesday.

Football fans were thrilled when they were presented with a chance to witness a part of the history that went into making their favorite sport. The original Football Association rule book, first written in 1863, has been put on display at the British Museum, Wednesday.

The value of the book is estimated to be a whopping $3.9 million, according to the Association's official website. The book formed the centerpiece of the British Library's first ever football display marking the 150th anniversary of the Football Association.

"The importance of the 1863 FA minute book cannot be underestimated," said FA Chairman Greg Dyke. "Without it, quite simply, the world would be without its most popular sport so it is fitting that the book is going on display in the Sir John Ritblat Treasures Gallery at the British Library."

"This not only reflects how football has become interwoven into the fabric of our society, it also offers the public a glimpse into the origins of the nation's favorite game."

The book was compiled in 1863 by Ebenezer Cobb Morley. It contains 13 original laws of the game and has been placed on display along with some of the world's most significant books including the Magna Carta, Shakespeare's First Folio and Captain Scott's diary.

The Association was formed in 26th October 1863 at the Freemasons' Tavern in London with the aim of creating a single set of regulations for playing the game. It is a member of both UEFA and FIFA and holds a permanent seat on the International Football Association Board (IFAB), which is responsible for the laws of the game. As the first football association, it does not use the national name "English" in its title. The FA is based at Wembley Stadium, London.

"This is a really exciting day in the life of the library as we've accepted into our treasures gallery the minute book which founds The FA and sets out the laws of the game of football," Jude England, Head of Social Sciences at the British Library, said.