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Ferguson Agrees to Remain as Head Coach of Manchester United - 2003-12-08

Alex Ferguson has agreed to stay on as head coach of English football club Manchester United through 2007. The 61-year-old Ferguson said on the club's Web site Monday that he and the team have agreed on terms of a new contract.

Ferguson has managed United for 17 years. He had planned to retire at the end of the 2000-2001 season but changed his mind and signed another three-year deal.

Under Ferguson, Man U has won eight out of the last 11 Premier League titles. The team currently lies in the third place, two points behind leader Chelsea and one behind Arsenal.

United has also won four FA Cups and one European Champions Cup during Ferguson's reign. Last week, Ferguson underwent hospital treatment for an irregular heartbeat, but he said his health scare would not affect the contract or his future at the club.