Jon Super, File, Associated Press
MANCHESTER, England — During more than a quarter of a century in charge of Manchester United, Alex Ferguson has always found the way to win — and win again.
Scrappy, abrasive and always up for a fight, Ferguson turned the club into a global power and established himself as the most successful manager in British soccer history.
And now, the 71-year-old Scotsman is going out on a high. On his own terms.
With his 13th Premier League title and 38th major trophy at United secured, Ferguson announced Wednesday that he is retiring at the end of the season.
"The decision to retire is one that I have thought a great deal about and one that I have not taken lightly," the Scotsman said. "It is the right time."
Since taking charge at Old Trafford in 1986, Ferguson's trophy collection also includes two Champions League titles, five FA Cups, four League Cups and the 2008 FIFA World Club Cup.
"His drive, ambition, skill, passion and vision have not only shaped Manchester United, but in many ways the game of football as we now know it," Premier League chief executive Richard Scudamore said.
Manchester United, owned by the American Glazer family and listed on the New York Stock Exchange, did not immediately announce a successor, but will need to act swiftly to stave off any market uncertainty.
Everton manager David Moyes, a fellow Scot from Glasgow, is the front-runner. During 11 years at Everton, Moyes has overseen impressive results on a limited budget and enjoyed a long-standing friendship with Ferguson.
"He is a first-class manager," Ferguson, who is being consulted on his successor, said of Moyes last year.
United is valued at around $3.2 billion and is one of the world's most high-profile sports brands.
Manchester United shares dropped more than 5 percent in early New York trading, but the losses were clawed back quickly. By late morning, the shares were trading at $18.42, down 1.3 percent.
Few managers at United — or anywhere in global soccer — will come close to matching Ferguson's achievements.
"It was important to me to leave an organization 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."
Ferguson reversed a previous plan to retire at the end of the 2001-02 season, but this decision seems final after Manchester United extended its record for English league championships to 20.
United's last home game — a chance for fans to pay an emotional farewell to Ferguson — is against Swansea on Sunday. United then travels to West Bromwich Albion on May 19 in the final match for the man who has defined the club for nearly three decades.
Ferguson will remain as a club director and ambassador.
"His contributions to Manchester United over the last 26 years have been extraordinary and, like all United fans, I want him to be a part of its future," joint chairman Avie Glazer said.
Ferguson's style was marked by a combustible temper. He often took out his ire on players, rival coaches, referees and the media. He has banned many reporters from the club over the years when he disputed their articles or line of questioning.
United's highly-paid stars have long feared a raging Ferguson and his "hairdryer" treatment — a stream of in-your-face invective said to make one's hair stand on end.
- Guard Elijah Bryant announces he is...
- With Boston out, another Salt Lake Olympics...
- Morning links: Tom Hackett is the Utes' most...
- Cougars say they have learned lessons in wake...
- Lindon father of five sets world record in...
- Brad Rock: Faith helped infamous former MLB...
- Eight BYU, Utah players make the Polynesian...
- Family man: Former Ute, NFL standout Sione...
- Morning links: Utah is on the rise in... 73
- Phil Steele gives tempered assessment... 70
- BYU looking for another defensive... 33
- Utah Utes backup quarterback Donovan... 26
- Morning links: Tom Hackett is the Utes'... 26
- Cougars say they have learned lessons... 26
- With Boston out, another Salt Lake... 14
- Kincade: Poor shooting, signings have... 11