Rumors of his retirement only began circulating late on Tuesday, but Ferguson said it was a decision he had been considering for some time.
“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,” said Ferguson, who is set to take up a directorial role at the club.
United’s Mexican striker Javier Hernandez paid tribute to the long-serving Scot yesterday, saying: “It’s a source of pride to say I was with one of the best coaches in history.”
“Something that impresses me is that he never lost his competitiveness. In spite of everything he won, he continues to be hungry. He’s a winner,” he said.
Ferguson will bid farewell to the Old Trafford dugout against Swansea City on Sunday, before taking charge of United for the 1,500th and final time at West Bromwich Albion on May 19.