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By ESPN Staff

Jets confirm Theodorakopoulos as coach

Newcastle Jets have confirmed the appointment of Nick Theodorakopoulos as coach of the A-League club next season.

The former NSL championship-winning coach replaces Richard Money, whose tenure was terminated just one year into a three-year contract on Monday.

Theodorakopoulos, who guided Wollongong Wolves to one championship in the old NSL, had been widely touted as the new Jets boss since it emerged late last week that club management was poised to part company with Money.

"It has been a difficult couple of weeks for the club but at the end of the day as the owner of this club I have to make decisions which are both financially responsible and place this team in the best possible position to win the title next year and move forward into Asia," said Jets owner Con Constantine.

"In Nick's appointment I think we have the man who can achieve this".

Theodorakopoulos, who signed a one-year deal, said he was looking forward to the challenge of taking over the club which finished fourth in the inaugural A-League competition.

"Newcastle has a rich tradition of success when it comes to teams competing in national competitions," he said.

"As far back as the old Newcastle KB United, this city has been renowned for delivering sporting teams that are defined by strength and character.

"It is my job to harness those characteristics and infuse them with my football philosophy.

"If we can do that then I believe the Newcastle public will not only be very happy with our achievements but also with the quality of the football that will get us there," said Theodorakopoulos, who also guided Parramatta Power to the 2003/04 NSL grand final, the last of the former competition.