News filtered out through Twitter late last night that Manchester United manager Sir Alex Ferguson was set to step down from management and retire from football.
Rumours were rife regarding whether he would retire at the end of the season or next year, although it was announced this morning at 9:15am via the clubs official Twitter Page that after 26 years in charge at the helm at Old Trafford, Sir Alex would retire in the summer.
He has enjoyed a glittering career in Manchester where he has won 38 trophies to become Britains most successful manager of all time.
Winning the Champions League twice, the league thirteen times, and not to mention nine domestic cups has ensured his name on one of the stands at Old Trafford and a giant statue which was erected last year outside the ground.
In a long statement on the clubs official website, Ferguson stated:
"The decision to retire is one that I have thought a great deal about. 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," he said.
"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 will bow out with his final match as manager at home to West Bromwich Albion, which will be his 1500th game in charge of Manchester United.
Early front runners for the job are Everton manager David Moyes, and Real Madrid boss Jose Mourinho who looks certain to leave the Bernabeu at the end of the season.