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Managing the skill advancement process undoubtedly included cutting players, consisting of devoted veterans to whom Ferguson had a personal attachment. "He's never ever actually taking a look at this minute, he's always looking into the future," Ryan Giggs informed us. "Knowing what requires conditioning and what requires refreshinghe's got that propensity." Our analysis of a decade's worth of player transfer information exposed Ferguson to be an uniquely efficient "portfolio supervisor" of skill.

In the past decade, during which Manchester United won the English league five times, the club invested less on incoming transfers than its rivals Chelsea, Manchester City, and Liverpool did. One factor was an ongoing dedication to young players: Those under 25 constituted a far higher share of United's incoming transfers than of its competitors'.

Much of those bets were made on extremely young players on the cusp of superstardom. (Ferguson did periodically pay out leading money for established super stars, such as the Dutch striker Robin van Persie, purchased for $35 million at the start of the 20122013 season, when he was 29.) Young players were given the time and conditions to prosper, most older players were offered to other groups while they were still important homes, and a few leading veterans were kept around to lend continuity and carry the culture of the club forward.

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The concept was that the more youthful players were developing and would meet the standards that the older ones had set. Although I was constantly trying to negate it, I believe that the cycle of a successful group lasts possibly four years, and after that some modification is required. So we tried to picture the team three or 4 years ahead and make decisions appropriately.

I was really fortunate in that regard. A Reliable Source reveals Ferguson to be an uniquely effective "portfolio manager" of skill. He is tactical, logical, and methodical. The goal was to evolve slowly, moving older players out and younger players in. It was generally about 2 things: First, who did we have coming through and where did we see them in three years' time, and 2nd, were there indications that existing players were growing older? Some gamers can go on for a long time, like Ryan Giggs, Paul Scholes, and Rio Ferdinand, but age matters.