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By ESPN Staff

Walsall on the Money with new manager

Walsall have appointed former Liverpool European Cup winner Richard Money as their new manager.

Money, also an ex-England under-21 and `B' international, was unveiled at Bescot Stadium this morning and replaces Kevan Broadhurst, who was sacked following the club's relegation to League Two.

Money, 50, took over at Australian outfit Newcastle Jets last season, guiding them to a play-off position.

Chairman Jeff Bonser said. 'He is an outstanding candidate in terms of qualifications and experience and his appointment has the unanimous approval of the board. We are focussed on regaining our League One status at the first attempt and believe Richard is the right man to achieve that objective.'

Money, who has agreed a two-year contract, added: 'I could have stayed with Newcastle Jets or moved to a top job in New Zealand. However, when the chance of the Walsall job became available and the opportunity to return to British football, it was a very easy decision to make.

'My task here is very straightforward - to get this club back into League One and to do it next season. There can be no guarantees, but let me just say that if I did not believe I could accomplish this task, I would not be coming here.'