Ferguson, 71, has been in charge at Old Trafford for 26 years, guiding United to 13 Premier League titles and two Champions League crowns. ''The decision to retire is one that I have thought a great deal about and one that I have not taken lightly. It is the right time, ''Ferguson said in a statement released by the club. ''It was important to me to leave an organisation in the strongest possible shape and I believe I have done son, '' added Ferguson who will bow out with United having won this season's Premier League.
The club gave no indications of a successor amid press speculation that Everton's David Moyes could fill the old Trafford hot seat vacated by fellow Scotesman Ferguson.
United did say, however, that Ferguson would remain at United as director and official club ambassador. His final game in charge will be against West Bromwich Albieon on May 19.
Ferguson, who had recently insisted he would be continuing as manager,is due to have a hip replacement operation after the end of the season and until rumours started circulating Tuesday there was no indication he was about to step down. (AFP)
AFP