A road leading to Manchester United's Old Trafford stadium has been named after former manager Sir Alex Ferguson.
The Scottish manager, who retired in May after 26 years at the club, was also given the freedom of the Borough of Trafford.
Sir Alex Ferguson has revealed that he was approached by Roman Abramovich to manage Chelsea, and that he told him there was "no chance".
In an interview with American broadcaster PBS, he said: “They used an agent to approach me when Abramovich first took over the club.”
The veteran former Manchester United manager gave his vote of confidence to his successor David Moyes, insisting his former team is "in good hands".
He was also adamant that any rumours of him coming out of retirement were unfounded: “I made my decision. The timing was perfect. There is no way back for me now. I’ve got a new life."
The former Manchester United manager Sir Alex Ferguson has revealed some of his managerial secrets in his first major post-retirement interview to a US network to be broadcast tonight.
Sir Alex told the Charlie Rose Show on PBS that you should "never hold a grudge - it's very important" and that the best players are those who are courageous.
He admitted the worst part of a job was recognising a player was beyond his best.
And he showed an insight into his team talks: "I always say to them at half time, in the last 15 minutes - throw the kitchen sink!"
Sir Alex Ferguson has given his first interview to Manchester United's in-house TV station since he retired as the club's manager.
Sir Alex in an exclusive interview with #MUTV: "I've enjoyed my retirement. I left at the right time. It was a great period of my life."
He heralded the return to form of Wayne Rooney, a player he was said to have fallen out with at the end of last season:
Sir Alex on @waynerooney: "I thought Wayne was fantastic [on Tuesday]. He's got his energy back, his determination, his purpose to attack."
Former Manchester United manager Sir Alex Ferguson will receive the honorary freedom of Trafford borough.
Sir Alex will be formally honoured on October 14, the local council has announced.
A road near Old Trafford stadium will also be changed from Waters Reach to Sir Alex Ferguson Way in recognition of his achievements.
Sir Alex said he was "delighted to accept this honour".
Sir Alex Ferguson is set to cheer on fellow Scot Andy Murray at Wimbledon today.
The former Manchester United manager is in the royal box on centre court alongside England football manager Roy Hodgson and England Rugby Union coach Stuart Lancaster.
Murray will face Spain's Fernando Verdasco on centre court after the David Ferrer and Juan Martin del Potro match.
Manchester United said Sir Alex Ferguson's "incredible era ends with an extraordinary game" after the team drew 5-5 with West Bromwich Albion:
Manchester United manager Sir Alex Ferguson has appeared before the team's Premier League game against West Bromwich, in which will be his final match before retiring.
Sir Alex Ferguson said today's Manchester United trophy parade topped the celebrations in 1999, when the club won an unprecedented treble.
Speaking to the thousands of supporters who gathered to celebrate the club's title success, he said: "What a turnout, absolutely fantastic.
"I thought that '99 (when Manchester United won the treble) could not be beaten but you've beaten it today, absolutely fantastic.
"All of you thank you for the fantastic support, we're proud of you and the players are a magnificent bunch of lads and I hope I'm here to witness this many, many times again.
"So, well done, good luck."
Manchester United striker Wayne Rooney received a mixed reception during the club's trophy parade today.
Sir Alex Ferguson confirmed yesterday that the 27-year-old had handed in a transfer request but the club were not going to sell him.
When the striker received the trophy, the crowd reacted in a mixed fashion with some booing him and others chanting his name.