England only got two out of the 22 votes when Fifa chose Russia to host the 2018 World Cup on Thursday.
"It is a big disappointment," Ferguson told radio station Key 103. "What I am surprised at is that they only got two votes. I thought the criteria - great stadia, good infrastructure in the country, where it is easy to move around, really enthusiastic supporters - was really strong for the World Cup.
"You never know how these things are going to work in terms of committees and things like that. You always worry about a committee when they get all together and how it is influenced by bigger, stronger personalities. That has always been the case, whether it has been football or anything."
Ferguson added: "The most important thing is for the nation just to forget it. Okay, it has gone to Russia and then 2022 to Qatar - good luck to them.
"I hope it is a good World Cup, because we need a good World Cup. We have not had a good one in terms of quality since maybe 1986 in Mexico."