There was a time when Giggs was the undoubted star in United's array of flair players.
In the aftermath of his sixth Community Shield triumph, the 33-year-old is happy enough to admit the situation no longer exists.
Indeed, Giggs is now operating in the shadow of Cristiano Ronaldo and Wayne Rooney, whose performances at Wembley yesterday suggested the young duo are capable of at least matching last season's phenomenal exploits.
Not that Giggs intends spending too long in the back seat.
His opening goal yesterday was his first at Wembley since his days as an England schoolboy and while Ferguson is likely to limit his appearances to an extent where he is not expected to reach Sir Bobby Charlton's all-time appearance record of 759 - Giggs is now 42 adrift - until the 2008-09 campaign, the Welshman still has a big part to play.
"I hope I have something to offer," he said.
"We have a good mixture between youth and experience.
"We have improved and strengthened, which was probably necessary because the injuries we suffered last season left us a bit bare. Hopefully that won't happen again."