Sir Alex Ferguson is set to retire at the end of the season after 26 years in charge at Manchester United Football Club.
Rumours surfaced on Tuesday that the Scot was considering retiring after learning that the hip replacement surgery he is to undergo in July is likely to force him to miss the start of next season.
In a statement on Manchester United’s official website Ferguson said:
“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.
“It was important to me to leave an organisation in the strongest possible shape and I believe I have done so. The quality of this league winning squad, and the balance of ages within it, bodes well for continued success at the highest level whilst the structure of the youth set-up will ensure that the long-term future of the club remains a bright one.
“Our training facilities are amongst the finest in global sport and our home Old Trafford is rightfully regarded as one of the leading venues in the world.
“Going forward, I am delighted to take on the roles of both Director and Ambassador for the club. With these activities, along with my many other interests, I am looking forward to the future.
“I must pay tribute to my family, their love and support has been essential. My wife Cathy has been the key figure throughout my career,providing a bedrock of both stability and encouragement. Words are not enough to express what this has meant to me.
“As for my players and staff, past and present, I would like to thank them all for a staggering level of professional conduct and dedication that has helped to deliver so many memorable triumphs. Without their contribution the history of this great club would not be as rich.
“In my early years, the backing of the board, and Sir Bobby Charlton in particular, gave me the confidence and time to build a football club, rather than just a football team.
“Over the past decade, the Glazer family have provided me with the platform to manage Manchester United to the best of my ability and I have been extremely fortunate to have worked with a talented and trustworthy Chief Executive in David Gill. I am truly grateful to all of them.
“To the fans, thank you. The support you have provided over the years has been truly humbling. It has been an honour and an enormous privilege to have had the opportunity to lead your club and I have treasured my time as manager of Manchester United.”
Ferguson has enjoyed unprecedented success at Old Trafford since his arrival from Aberdeen in 1986, becoming the club’s most successful manager of all time.
Though it took the new United boss four years to seal his first trophy success, the 1989-90 FA Cup, that served as a springboard to the club, as they subsequently dominated the English football landscape for over 20 years.
The Scotsman has since added four further FA Cups, 13 Premier League titles, four League Cups and two UEFA Champions Leagues to the club’s major honours list. Manchester United’s title win this season was the 20th in their history, taking them two clear of arch rivals Liverpool.