Giovanni Trapattoni out as Republic of Ireland manager

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Breaking news this morning from the Emerald Isle as the Republic of Ireland are now searching for a new manager.

Following two defeats during the recent international break, 74-year-old manager Giovanni Trapattoni has left his role as Ireland’s manager after almost six years in charge.

The legendary Italian coach has called it quits, as qualification to the 2014 World Cup is now almost out of reach for the Irish after a 2-1 defeat to Sweden on Friday and Tuesday evening’s 1-0 loss to Austria.

Trapattoni has become a fans favorite over recent years, and he thanked the Irish nation for the opportunity to coach their side.

“I want to thank everyone in Ireland who has given us their support during our time here which has always meant a lot to us,” Trapattoni said. “We leave this country with emotion because we understand the Irish supporters who have a well-deserved international reputation and they have our utmost respect.”

While the Football Association of Ireland posted the following statement on their website.

“We thank Giovanni Trapattoni, Marco Tardelli and Fausto Rossi for the last five and a half years during which we qualified for our first major tournament in ten years and were close to qualification for 2010 World Cup in South Africa after the play-off in France.”

Trapattoni took charge in 2008 to stabilize Ireland’s faltering fortunes on the international stage and he came agonizingly close to reaching the 2010 World Cup, as the Irish lost in a playoff to France after Thierry Henry’s widely condemned handball knocked Ireland out.

(MORE: European qualifying roundup: Two qualify, while four groups remain tight)

However the Irish did mange to qualify for Euro 2012 last summer but the tournament was a disaster as Trapattoni’s men who lost all three group games to crash out. Yet despite that damaging European Championship campaign, the Irish fans still believed their Italian manager was the man to lead them forward to Brazil.

This WC 2014 qualifying campaign was always going to be Trapattoni’s last if the Republic didn’t qualify and that was all but confirmed last night as they lost to Austria and Sweden beat Kazakhstan. That result leaves the Irish six points off the playoff spot with just two games to go and a huge goal differential deficit to overcome. They had shown brief moments of promise throughout qualifying but pivotal losses this week marked the end of Trapattoni’s Irish adventure.

As for Ireland’s next manager, the early bookmakers favorite to replace Trapattoni is former Aston Villa and Sunderland manager Martin O’Neill. While other frontrunners include former Ireland manager Mick McCarthy returning for a second spell, Norwich City manager Chris Hughton and former Ireland captain and controversial figure, Roy Keane.

Report: New Arsenal manager will have small budget to re-shape squad

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Whoever takes the helm as Arsenal’s next manager will have to do some math gymnastics this summer to stretch every penny available.

According to a report from The Telegraph, Arsenal is giving Arsene Wenger‘s successor a little less than $70 million to work with in this summer’s transfer market, citing back-to-back transfer windows with club-record signings (Alexandre Lacazette last summer and Pierre-Emerick Aubameyang in January) and three raises given to players. Arsenal paid around $78 million alone to sign Aubameyang and around $65 million for Lacazette.

[READ: UCL Preview: Liverpool vs. Roma]

That means whoever comes in next to lead Arsenal will likely have to sell one or two players this summer to raise additional money for world-class signings.

For the last decade, Arsenal has been crying out for a new pair of centerbacks and a holding midfielder in the mould of Patrick Vieira. In addition, with Petr Cech getting older, the prospect of needing a new goalkeeper is also on the horizon.

Luckily for Arsenal, they seem to be just fine up front. From Aubameyang and Lacazette to Mesut Ozil, Henrikh Mkhitaryan and Aaron Ramsey, the club has the talent to challenge for a title next season in that department.

A dozen different names have been bandied about as to who will be Arsenal’s next manager, with out-of-contract and former Barcelona manager Luis Enrique reportedly on the shortlist. Vieira, former Arsenal midfielder Mikel Arteta, Germany National Team coach Joachim Low, Juventus boss Max Allegri and Hoffenheim’s Julian Nagelsman have all also been linked with the job.

Tunisian player who collapsed in Spain regains consciousness

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MADRID (AP) Spanish third-division club Toledo says a Tunisian player who collapsed from heart failure during practice 10 days ago has regained consciousness.

The club says doctors removed sedative medication and Lassad Nouioui was responding well to treatment on Monday.

[ VIDEO: Premier League highlights ]

They will consider removing the 32-year-old Nouioui from the intensive care unit if his condition keeps improving. Nouioui has played for a number of clubs during his 14-year professional career, notably a four-year stay at Deportivo La Coruna and a one-year spell with Celtic.

Nouioui collapsed on April 14.

The game against Real Madrid B the following day was postponed because of the problem with Nouioui.

FIFA force pace on $25B Club World Cup, global league plan

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GENEVA (AP) FIFA is forcing the pace on talks over a $25 billion offer to revamp the Club World Cup and create a global national team competition.

FIFA says President Gianni Infantino hosted a meeting last Friday with invited officials from some top European clubs.

[ MORE: Everton gets past Newcastle behind Walcott strike ]

The European Club Association has strongly opposed FIFA’s hope for a four-yearly club tournament starting in 2021, which could rival the UEFA-organized Champions League.

UEFA has also proposed a Global Nations League. A similar project is tied to the FIFA-controlled $25 billion, 12-year offer from a consortium including investors from Saudi Arabia and China.

FIFA says it’s holding “informal ongoing discussions with different stakeholders on the topic of the future Club World Cups.”

Infantino is set to meet confederation presidents and general secretaries “in the near future,” FIFA says.

Video: De Rossi, Roma make classy visit to Hillsborough memorial

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On many occasions there are instances where teams and individuals exemplify the fact that real-life occurrences are more meaningful than sports.

Ahead of Tuesday’s UEFA Champions League meeting, Italian giants AS Roma visited Anfield –where they will face Liverpool in the competition’s semifinals.

After walking around the venue where the two sides will compete in less than 24 hours, Roma captain Daniele de Rossi and the rest of the Roma squad visited the Hillsborough memorial at Anfield to pay tribute to the 96 victims lost in the 1989 event that rocked the entire country.

De Rossi was seen laying a floral arrangement on the site, along with a note from the club that read, “In memoria delle vittime di Hillsborough AS Rome.”