Liverpool narrowly missed out on Premier League glory, following an inspirational second semester charge to the summit of the table. Brendan Rodgers side ended the campaign in somewhat disappointing second-place, but the season will undoubtedly be remembered for the excitement the Reds' performances provoked.
Ferguson, writing in the updated chapters of his autobiography, admits he thought the Merseysiders were the standout side in the English top flight. The Reds established themselves as one of the most fearsome sides in Europe, bagging more than 100 goals throughout 38 Premier League fixtures.
"From my perspective they (Liverpool) were definitely the team of the year," writes Ferguson, who retired in May 2013 after 27 years at Old Trafford. "They made their leap forward the right way: they played positive football."
Ferguson - who famously antagonised Liverpool fans throughout his time as United manager - believes Brendan Rodgers finally has the Merseyside outfit playing the right kind of football. The Scot suggests that such a thrilling brand of football meant even the Old Trafford faithful could not resent Liverpool enjoying last term's success.
He continues in the new edition of My Autobiography, by stating: "Even a United fan, seeing them as the nemesis, couldn't begrudge Liverpool their surge up the table - their form was amazing, brilliant."