Ferguson’s wife, Lady Cathy – who he refers to as ‘the boss’ – revealed the bronze sculpture following a ceremony that paid tribute to his 26 glorious years at United.
Around 2,500 fans braved the wet Manchester weather to attend the event, along with Sir Alex’s family, his current squad and dozens of his former players, including Eric Cantona, Ole Gunnar Solskjaer, Peter Schmeichel, Edwin van der Sar and Ruud van Nistelrooy.
“It's a really proud moment for me,” Sir Alex said, before joking: “Normally people die before they have a statue. I'm outliving death!
“The boss [Lady Cathy] is a fantastic person. Someone has to control me and she's the only one who can. She has promised that every Saturday morning she's going to come down and bow to the statue!”
The statue’s sculptor, Philip Jackson, who was also responsible for the United Trinity and Sir Matt Busby statues at the stadium, spoke briefly about his latest project.
"I’ve tried to portray him as a man of great determination and as a thinking man, but also with humour, which he has in abundance, so there’s just a slight smile in the corner of his mouth. That’s really what I wanted to portray,” Jackson said.
United’s chief executive David Gill added his own words of praise, saying: “He's been the definition of a Manchester United manager.