 While at Clydebank he was briefly appointed player-manager, while he has also served as a coach at Albion Rovers before becoming Stranraer's assistant manager as part of a new management team at Stair Park with Gerry Britton.When Britton left his post as manager for the vacant assistant manager role at Partick Thistle, Ferguson was put in place as caretaker manager before being handed a contract as manager until the end of the 2008–09 season.Although having a bright start as manager, relations between the club and Ferguson had become strained due to Stranraer's financial difficulties and the club's on-field performances, which led to him leaving the club after an 8–2 home defeat to Stirling Albion.