Peterborough United announced on Wednesday that manager Darren Ferguson has put pen to paper on a three-year deal with the club, along with assistant boss Darren Ferguson.
Darren Ferguson and assistant Gavin Strachan have signed three-year deals with Peterborough United, the League One club has announced.
Ferguson’s deal was set to expire at the end of the season after he came in to replace former boss Steve Evans, who was sacked at in the late weeks of January. Now, Fergie is back and set to stay at London Road for the long-term during his third spell with the club.
Posh have won just twice in nine games since Ferguson’s return as manager. However, they sit in 8th place, somehow just two points behind Doncaster Rovers in the final play-off spot, who have one game in hand.
Despite the poor form, Ferguson’s appointment comes as the club’s co-owners look to plan for the long-term.
The club are aiming to return to a transfer policy of bringing in young and hungry players to develop them into quality footballers – a strategy that has worked well for the club in recent years. Players such as Jack Marriott, Dwight Gayle and Britt Assombalonga have come in with a point to prove and showed their quality, earning big money moves to Championship and Premier League sides.
The owners are also looking to invest more time and money into their academy, which has struggled in recent years. Co-owner Jason Neale is hoping to lead a plan to have three academy players coming into the first team every season buy 2024.
The club sees Ferguson as the man to lead their change in strategy, regardless of the club’s shocking recent form. Now, it is up to Ferguson and his assistant Strachan to prove that the co-owners made the right decision to appoint the pair on a three-year deal.