Premiership: Ferguson signs contract

Manchester United manager Alex Ferguson has signed a new three-year contract.

The 60-year-old Scot, who had previously intended to retire when his current contract ends this summer, approached the club earlier this year with a view to extending his stay.

And, after three weeks of negotiations, United’s most successful manager has put pen to paper on a new contract which keeps him at Old Trafford until June 30, 2005.

The Old Trafford manager, who has agreed a new three-year contract with the club, has taken seven Premier League titles in less than a decade, lately thanks mainly to a bunch of inexperienced youngsters who he has moulded into championship and even European winners.

Gary and Phil Neville, Nicky Butt, Paul Scholes and David Beckham have emphatically shown you can win something with homegrown talent.

Blood ’em young was Ferguson’s philosophy at Aberdeen - and he has continued in that vein south of the border with staggering success.