Sir Alex Ferguson is retiring from his post as the Manchester United manager, after spending 27 years leading the powerhouse Premier League soccer team.

"The decision to retire is one that I have thought a great deal about and one that I have not taken lightly. It is the right time, he said in a statement. "It was important to me to leave an organization in the strongest possible shape, and I believe I have done so."

Ferguson’s retirement is coming on the heels of his 13th Premier League title with the Old Trafford squad, further solidifying his standing as the most successful manager in British football history. Although he’s stepping down as manager, he will continue to serve as a director and ambassador for Manchester United after he coaches his final two games.

Ferguson’s impressive list of accomplishments with Manchester United includes five FA Cups, four league cups and two Champions League titles.

David Moynes, the current Everton manager, is rumored to be Ferguson’s successor, according to Sky News. He’s reportedly already been approved by the club’s board, and will officially be announced as the new Manchester United coach within a few days.

"Sir Alex Ferguson’s achievement at #MUFC has been exceptional. Hopefully his retirement will make life a little easier for my team #AVFC [Aston Villa Football Club],” quipped British Prime Minister David Cameron.