Manchester United winger Giggs is rewarded with an OBE after recently announcing his international retirement having won 64 caps for Wales despite never playing an away friendly.
Sheringham is also honoured, with the former England striker awarded an MBE.
Football Association chairman Geoff Thompson receives an OBE in recognition of his services. He will step down from his position next year after eight years as chairman but will continue as a FIFA and UEFA vice-president.
Jim Leishman, director of football at Dunfermline Athletic, receives an MBE for his service to football - his relationship with the club stretches back to 1970.
In other sports, Ian Botham made the headlines - he has been knighted for his charity work and services to cricket.
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