He said: “This is not where we want to be. We have to improve, step forward.
“The most pressing thing is to get back in the Champions League. That’s where this club needs to be as an absolute minimum.
“Being in the Europa League has a material financial impact across the club. It’s tens of millions of pounds.
“The more years you spend out of the Champions League, the bigger the strain it puts on the business model.
“But we also need to be competing in the number one European competition because that’s where our supporters, players and all the staff want to be. We are trying to make our fans proud of their club.