Sir Alex Ferguson will step down as Manchester United manager at the end of the season after 26 years in charge, BBC reports.
The Scot, 71, has won 38 trophies during his reign at Old Trafford and will now become a director and ambassador for the club.
His haul includes 13 league titles, two Champions League crowns, five FA Cups and four League Cups.
“The decision to retire is one that I have thought a great deal about. It is the right time,” Ferguson said.
Everton’s David Moyes and Jose Mourinho, currently at Real Madrid, are the bookmakers’ frontrunners to take over.
