Ferguson lives in Wilmslow, Cheshire, with his wife, Cathy Ferguson (née Holding). They married in 1966 and have three sons: Mark (born 1968); and twins Darren (born 1972), current manager of Peterborough United and former manager of Preston North End; and Jason, who runs an events management company.
In 1998, Ferguson was named in a list of the biggest private financial donors to the Labour Party. He is a self-described socialist and a lifelong Labour voter. In January 2011 Graham Stringer, a Labour MP in Manchester and Manchester United supporter, called for Ferguson to be made a life peer. If this happened, it would make Ferguson the first current or former footballer or football manager to sit in the House of Lords. Stringer and fellow Manchester Labour MP Paul Goggins repeated this call after Ferguson announced his retirement in May 2013. in 2009 Ferguson received a Honorary Doctorate in Business Administration from the Manchester Metropolitan University. It was the second degree he received from the university, after receiving a honorary masters in 1998.
From 2012, Ferguson has been a vocal supporter and funder of the all party and non party Better Together (campaign) campaign in favour of Scotland remaining a part of the United Kingdom in the forthcoming 2014 referendum. He has been vocal in condeming the SNP Scottish government and its leader Alex Salmond for their decision to exclude Scots who live outside Scotland but within the rest of the United Kingdom from voting in the referendum. He has accused Salmond of `Silencing` ordinary Scots. His most outspoken comments are "800 000 Scots like me, live and work in other parts of the UK. We dont live in a foreign country; we are just in another part of the family of the UK".
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