The 71-year-old Scot has
managed the English club -- which is listed on the New York Stock
Exchange and has millions of fans around the world -- since 1986.
During more than two decades at the helm, Ferguson has won more than 30 trophies, including 13 league championships.
Ferguson will bow out
after the club's last game of the season, an away fixture against West
Bromwich Albion, on May 19.
It's not clear who
Manchester United will choose to step into his shoes. Ferguson will
remain involved with the club as a director and ambassador, it said.
Announcing his decision
to retire, 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 organization in the strongest possible shape and I believe I have done so. A job well done by Alex Ferguson
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