Tuesday, May 7, 2013

Sir Alex Ferguson considering retiring as Manchester United


Sir Alex Ferguson considering retiring as Manchester United manager before end of the week

Sir Alex Ferguson’s Manchester United future was shrouded in doubt on Tuesday night with the Scot understood to be giving serious consideration to ending his 26-year reign as manager.

As rumours of the 71-year-old’s imminent retirement swept Manchester, senior figures at the club failed to respond to repeated attempts to confirm or deny the story, which emerged following United’s player versus coaches golf day at Dunham Massey on Tuesday afternoon.
With United now forced to adhere to the strict rules and regulations of the New York Stock Exchange in terms of the release of significant information relating to the running of the club following last August’s partial flotation, any change of management would fall within those requirements.
As of Tuesday night, no statement over Ferguson’s future had been issued by United.
However, with sources close to the players confirming that the squad’s golf day had been overshadowed by suggestions that the Scot would be making an announcement ahead of Sunday’s clash with Swansea at Old Trafford, any ongoing uncertainty is unlikely to be allowed to continue to the point where it would affect the confidence of investors and, in turn, United’s New York share price.
When United’s owners, the Glazer family, issued its prospectus for the club’s £500m bond issue in January 2010, the prospect of Ferguson leaving the club and potentially jeopardising future success was raised by the Americans as one of the risk factors attached to investing in the club.

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