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Several organisations have attempted to claim this title over the many years, Waterdeep has existed. From 1255 DR, until it's near destruction and exile in 1298 DR, the Shadow Thieves were the closest cliament to the title. After 1298 DR, no organisation could claim the title and the rise of the Red Sashes in 1311 DR put further presure on stopping any would be claiment. In 1368 DR, the Xanathar Thieves' Guild attemping to claim this title but the work of the Red Sashes has hampered the Xanathar Thieves' Guild serverely.