MANCHESTER, England, May 9, 2013 /PRNewswire/ --

Betfred have made Manchester City the new favourites for the 2013/14 season at 7/4 following the news of the departure of Sir Alex Ferguson at the end of this campaign.

David Moyes will pick up the reigns at Old Trafford on July 1 but there has been little interest in the Reds who have now drifted from 11/8 to 2/1 to retain their title. Betfred go 8/11 for Moyes not to win a trophy in his opening season as Manchester United manager and Evs for him to do so.

There has also been some support for Chelsea who could well be managed by Jose Mourinho once again in time for the new campaign. The West London club are into 11/4 to win their first league title since 2010.

Betfred spokesman John Hill,

"Since the news that Sir Alex had decided to step down broke on Wednesday morning, punters have been getting stuck into Manchester City to win back the title next season. We've made them the new favourites and while United under David Moyes are out to 2/1."

Moyes has been handed a six-year contract by Manchester United and is 7/4 to see that length out. He could well look to bring one or two player across to Old Trafford with him. Leighton Baines is 7/4 to make the switch, while Marouaine Fellaini is 4/1.

Premier League Outright 2013/14

Manchester City 7/4

Manchester United 2/1

Chelsea 11/4

Arsenal 16/1

Tottenham 22/1

Liverpool 28/1

Everton 250/1

Manchester United Multiple Trophies For 2013/14 season

No Trophies 8/11

Premier League & FA Cup 14/1

Premier League & Capital One Cup 14/1

Premier League & Champions League 28/1

FA Cup & Capital One Cup 40/1

Capital One Cup & Champions League 70/1

Premier League, FA Cup & Capital One Cup 70/1

Champions League & FA Cup 80/1

Premier League, Champions League & Capital One Cup 130/1

Premier League, FA Cup & Champions League 180/1

Champions League, FA Cup & Capital One Cup 350/1

Premier League, Champions League, FA Cup & Capital One Cup 500/1

To see out his 6 year contract

2/5 No                                     7/4 Yes

To do league double over Everton           6/4

To win a trophy                            Evs

To Join in the Summer transfer window.

Baines                                     7/4

Ronaldo                                    3/1

Fellani                                    4/1

Bale                                       5/1

Benteke                                    5/1

Suarez                                    10/1

Contact: mark.pearson@betfred.com

SOURCE Betfred