Ferguson has clearly stated he isn't bothered with the reported row over the ownership of racehorse Rock of Gibraltar with billionaire shareholders J.P McManus and John Magnier and he wants to stay on as manager of Manchester United.

"I'm very happy with the new contractual arrangements." said Fergie

"It gives me strong focus on the short-term challenges in the new season ahead as well as the long-term freedom to look to improve our current squad."
  

Manchester United chief executive David Gill addmited that Sir Alex has been thinking long and hard about the contract and that it's been on the table for some time.

"We came up with the idea for a one-year rolling contract when discussions first commenced in summer 2003." admitted Gill

"Sir Alex considers this arrangement to offer distinct advantages over a long and fixed-term contract in that he feels it will keep him even more motivated every season and hungry for more success over the future years"

"His fantastic record with Manchester United speaks for itself and his appetite for the game and his desire to build a new generation of world-class players at Old Trafford is undiminished. He has the board's 100% support." Gill added.