Darren Ferguson

The football club are pleased to announce that Darren Ferguson has agreed a three-year contract to continue as the first team manager.

We are delighted to announce that Darren Ferguson has put pen to paper on a three-year contract to remain as the club’s manager.

Ferguson, who returned to the club in January and steered the club into the play-offs, had a 58%-win percentage from the games that he oversaw. He has led the club to four promotions as well as a Johnstone’s Paint Trophy success and will take charge of the next chapter in the club’s history.

Chairman Darragh MacAnthony said: “The owners of the football club are absolutely thrilled that the greatest manager of Posh in modern times is part of an exciting new chapter that starts this summer. We are all looking forward to shaping the squad for the new campaign.”

Ferguson said: “I had a long chat with the chairman and we spoke about the direction that I felt the club needed to go in and that was to go younger, develop players and I felt that there were a lot of players that have been here a long time and we needed to freshen the squad up and fortunately he agreed. We are very much aligned on that.

“It is really exciting to be in a position to do that and it is something that me and my staff are really looking forward to. There is no denying that in the many years that Darragh and I have been together that it has a been a hugely successful period of time. We are not going to be shouting things from the rooftops, saying we are going to do this or that, we are very much looking as a club mid to long term. Of course, we want to be competitive, we will be looking to bring players in to supplement what we have, but it is important to have a bit of a reset.

“In football, you have cycles and there are a lot of players that have done really well for this club, won promotion, got the club to the play-offs, but a lot have been here a long time and it is time for a change for us and for them. That needs to happen. The players understand that.

“It was pivotal here that we had a complete refresh, a complete retool. This is a really exciting challenge and pivotal to me staying, we had to go young and freshen everything up. I felt the chairman would go with it and he did.

“I have to be motivated in my job, especially at this club because I have seen it and got the t-shirt, I am still highly motivated to do well in my job. Just because I have been here a long time does not mean it doesn’t hurt when things don’t go our way, last week hurt like hell. As a manager you have to get on with it and a pivotal part of this decision was the complete refresh. We need to focus on younger players, add experience in the right places and I am excited by that challenge,” Ferguson said.

The Posh boss also confirmed that his management team have been given long-term contracts, which will be announced in due course.