Long-running manager of U.K. soccer club Manchester United, Alex Ferguson, is retiring, the club announced on Wednesday.
Seventy one-year-old Ferguson has spent 26 years at the helm of one of the world's most successful and most supported soccer clubs. He has led the team to 13 Premier League titles and 2 European Champions League trophies and was knighted by the Queen in 1999.
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"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 said on a statement on the club's website.
"It was important to me to leave an organization 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."