NEW : Manchester United coasted to this year 's English Premier League title with a 3-0 victory over Aston Villa in April , with four games in hand . Sales of Manchester United fell nearly 5 % in early trading following the news . Ferguson is retiring after the last game of the season on May 31 , after eight years in charge . The decision to retire was not taken lightly , but this ` ` is the right time , '' Ferguson says . NEW : Everton manager David Moyes is the odds - on favorite to succeed Ferguson .
NEW : Sales of Manchester United fell nearly 5 % in early trading following the news . Ferguson is retiring after the last game of the season on May 31 , after eight years in charge . The decision to retire was not taken lightly , but this ` ` is the right time , '' Ferguson says . NEW : Everton manager David Moyes is the odds - on favorite to succeed Ferguson .