Keegan, who is still looking for a first win since his ‘third coming' with The Magpies, famously launched a television rant against Ferguson's side when his own clubs title challenge unravelled in 1996.
Things are very much different this time with Newcastle looking over their shoulder into the relegation abyss, while Ferguson's team are chasing yet another Premier League crown.
Keegan appeared to fall for Fergie mind games when he launched the "I would love it" monologue, but the former England striker says this is all water under the bridge.
"I look back on it and I think, I probably could have put it over a bit better, but I made my point," Keegan said.
"I was disappointed with something he said but despite what people think, you know, maximum respect and I think we get on really well.
"I've known him along time, what he's done at Manchester United is incredible you have to totally respect that but you've still got to enjoy it when you pit your wits against him."