Sir Alex was coach of Man United coach for 26 years.
The Scot has been a great success at the Old Trafford where he has won 38 trophies since taking over from Ron Atkinson on November 6, 1986.
The impressive trophy haul includes 13 league titles, five League Cups, five FA Cups and two UEFA Champions League crown.
For Sir Alex Ferguson, the decision to retire was well thought out.
“The decision to retire is one that I have thought a great deal about. It is the right time,” the 71-year-old gaffer is quoted as saying by the club’s official website on Wednesday.
Ferguson said it was high time he left the club since he believes it is “in the strongest possible shape.”
“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,” he added.
The Scot is set to take over both the Director and Ambassador for the club he has served passionately for 26 years, making him the most successful manager in the history of English football.
“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,” he said.
“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.”
Fergie is set to undergo a hip operation in the summer and that may have triggered his decision to step down.
Some names being brandished as likely successors include Victor Anichebe’s manager at Everton, David Moyes; and Borussia Dortmund boss, Jurgen Klopp.
Support PREMIUM TIMES' journalism of integrity and credibility
Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.
For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.
By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.
TEXT AD: To advertise here . Call Willie +2347088095401...