Sir Alex Ferguson is going to retire at the end of the season

Sir Alex Ferguson will step down as Manchester United manager at the end of the season after 26 years in charge.

The Scot, 71, has won 38 trophies since taking over from Ron Atkinson on 6 November 1986, including this season's Premier League title.

His haul includes 13 titles, two Champions League crowns, five FA Cups and five League Cups.

The BBC's Dan Roan says the club had to make a statement following rumours yesterday, because Man Utd is listed on the New York Stock Exchange so any uncertainty could effect investor confidence.

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