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Longtime Manchester United coach Alex Ferguson retires

Manchester United is arguably the most recognizable soccer team in the world, but earlier this week it was announced they will soon have new leadership. Longtime coach Sir Alex Ferguson, who has been on the squad's bench for nearly 27 years, will be retiring after the season's final game May 19, ESPN.com reports. 

Ferguson's time at Man U has been among the most successful runs in professional sports. His accolades include guiding the team to 13 Premier League trophies as well as two UEFA Champions League titles - the most recent coming in 2008. While the 71-year-old's departure may come as a surprise to some, he said that it is a move he has been considering for quite some time, and that he was waiting for the right opportunity. 

"It was important to me to leave an organization in the strongest possible shape and I believe I have done so," he said through the team's website. "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."

Replacing Ferguson will not be easy, but the club has already settled on his successor - David Moyes. The young coach will take over the squad July 1, notes ESPN.

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