Gill has announced he will leave the club at the end of the season.
“Him stepping down is a big loss to me but the fact that he is staying on the board encourages me that the reason for his departure is heartfelt – that he believes it is time for the club to move on,” Ferguson said. “If I could have found a way of persuading him to stay I would love to have done that. But he has made his decision and I respect him for it.”
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The reputation of the Premier League means it is the most popular and one of the most watched leagues in the world.
Five English clubs will compete in the last sixteen of the Champions League for the first time ever as Liverpool, Manchester United, Manchester City, Chelsea and Tottenham face some difficult away matches.