Liku (Hebrew: ליכוד, lit. Consolidation) is a major center-right political party in Israel. Founded in 1973 as an alliance of several right-wing and liberal parties, Likud's victory in the 1977 elections was a major turning point in the country's political history, marking the first time the left had lost power. However, after ruling the country for most of the 1980s, the party has won only one Knesset election since 1992, though its candidate, Benjamin Netanyahu, did win the popular vote for Prime Minister in 1996. After a big win in the 2003 elections, a major split in 2005 saw Likud leader Ariel Sharon leave to form the new Kadima party, with Likud slumping to fourth place in elections the following year. The party now leads the opposition in the Knesset.