Sir Alex Ferguson Announces Retirement

Sir Alex Ferguson announced his retirement Wednesday after 27 years at the helm of Manchester United.

The legendary manager will retire at the end of the season, when he will take on the dual role of director and ambassador for United.

“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 has said in a statement.

“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.”

Ferguson, 71, has won 38 trophies since taking over from Ron Atkinson on 6 November 1986, including this season's Premier League title.

His haul includes 13 titles, two Champions League crowns, five FA Cups and four League Cups.

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