Sir Alex Ferguson is poised to end his 26-year reign as manager of Manchester United, according to reports in most of the national press this morning.
We are expecting an announcement at 2.30pm this afternoon and this is because United are now forced to adhere to the strict rules and regulations of the New York Stock Exchange over the release of significant information relating to the running of the club and this extremely significant change of management would fall within those requirements.
No statement over Ferguson's future has been issued by United but they have been approached by journalists several times and have refused to confirm or deny what would probably be the biggest news of the season.
The Times reported yesterday that Chelsea's negotiations to secure the return of Jos� Mourinho have reached an impasse over their refusal to pay the buyout clause in their former manager's contract at Real Madrid.
Alex Ferguson's retirement has been timed specifically so that United can take advantage of Chelsea's dithering over Mourinho and install him as new Manchester United manager this summer?