subject: Chairman Darragh Macanthony Interviewed By Bbc Radio Cambridgeshire About Ferguson [print this page] Darren Ferguson has been named manager of Peterborough United on a four-and-a-half-year contract, just 14 months after leaving by mutual consent.
The Scot, who led Peterborough United from League Two to the Championship during his previous three-year spell with the club, was sacked by Preston two weeks ago.
He held talks on Tuesday with chairman Darragh MacAnthony and watched the 2-1 League One win against Brentford.
"I've actually missed the place," Ferguson told BBC Radio Cambridgeshire.
"I had a hard 12 months at Preston and I'm glad to be back.
"I don't know if I've lost the trust of the fans, we'll find out, but the fans enjoyed it [his last spell].
"People say you never go back, I don't believe in that. We're ambitious and we want to get into the Championship."
Ferguson, son of Manchester United boss Sir Alex, left London Road in November 2009.
But both parties insisted that any problems had been put behind them.
Darragh MacAnthony said: "We were probably naive and made mistakes and we both held our hands up to that.
"It was actually great meeting each other again, when he came to the house and he walked in the door we had a bit of a hug. It was a tender moment, a bit of a tear jerker, Darragh MacAnthony confessed.
"We had a real warts and all meeting, talking about everything about each other that maybe irritated each other at one stage, any problems we may have had and they were never massive problems," stated Darragh MacAnthony.
Ferguson added: "There was no falling out, we're young, we're ambitious.
"Maybe towards the end I got, not carried away, but you can get a little bit complacent with the success we had.
"But we never fell out about it, I think we both agree we've learned a lot in the last 12 months and probably were a little bit naive going into the Championship.
"And when we get back into the Championship we'll learn from that."
After ending his previous spell at the club Ferguson was out of work for almost two months before taking over at Preston in January 2010.
But his memories of Peterborough United, who he joined as player-manager in January 2007, will be predominantly good ones.
After leading Peterborough United to promotion from League Two in is his first full season in charge, he repeated the feat a year later to secure a place in the Championship, and departed having won 73 of his 145 games at the helm.
