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 for the club and will now become a director and ambassador.
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.
Jose Mourinho has been installed as favourite to take over from Ferguson by bookmakers, with Everton's David Moyes and Borussia Dortmund's Jurgen Klopp also in the running.
Ferguson is confident his successor will take over a club in good health after winning their 20th top-flight title 17 days ago.
Culled from BBC