A road adjacent to Manchester United's Old Trafford is to be renamed Sir Alex Ferguson Way in honor of the club's long-serving manager who retired in May after nearly 27 years in charge.

Ferguson, who is now a director at the Premier League club, will also be given the Honourary Freedom of the Borough of Trafford at a formal ceremony on Monday.

The 71-year-old Ferguson says "to have a part of Trafford carrying my name is truly humbling."

Another former United manager, the late Matt Busby, also has a street named after him close to the stadium.