Manchester United have announced that Sir Alex Ferguson, 71, will step down as manager at the end of the English Premier League season in mid May.
It marks the end of an era for the club that welcomed Ferguson back in 1986. After 26 years at the helm, leading United through their most successful years, Ferguson is set to become a club director and ambassador.
Reports are that David Moyes or Jose Mourinho will fill the void left by the Scotsman.
Under Ferguson, Manchester United won 13 EPL titles, five FA Cups, and two Champion League trophies, and blooded some of football's biggest names such as David Beckham and Ryan Giggs.
"The decision to retire is one that I have thought a great deal about and one that I have not taken lightly," he said in a statement.
"It is the right time.
"It was important to me to leave an organisation 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."