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Iceland's Lars Lagerback now in favour of 24-team European Championship

Iceland manager Lars Lagerback says he is no longer against having 24-teams dispute the European Championship after his side crashed out at the quarterfinal stage of the competition on Sunday.

Iceland were beaten 5-2 by hosts France at the Stade de France, ending their improbable run through the tournament which saw them knock out favoured England in the round of 16.

The European Championship was expanded to a 24-team field for this edition from the usual 16. And Lagerback, who once did not like the expansion, said: "I was a little bit against going up to 24 teams but I'm starting to go in the other direction instead.

"If you look up and down international football as I have experienced it, more and more countries have players playing in good leagues. You can always discuss that the tournament is too long with the best players playing a long season, but the PR guaranteed by these matches is really good for football.

"If you look at Europe as a unit -- if you can do that with different countries stepping out of different areas -- it has developed Europe as a continent for football."

Euro 2016 was the first major tournament for which Iceland had ever qualified. Next up is the 2018 World Cup in Russia, and Lagerback says the future looks bright.

"It's always tough at this level. If you look at the World Cup qualification, Iceland is in a rather tough group," he said. "But if you look at the age of the players in this squad the future looks really good.

"Some of the younger guys who did not play at all or very little, I think for the national team it looks really, really good. The clubs and the football association can use the income from this tournament to put into important football projects, like developing young players."

Lagerback will step down from his post as co-manager of Iceland this summer, leaving Heimir Hallgrimsson to assume the reins alone.

Asked about his own future, the 67-year-old Swede said: "I don't fancy fishing. It's difficult to say sitting here and now. The four and a half years with Iceland has been special, the way we have developed things. Also the results, it is all about results.

"This shall always have a special place in my memories and in my heart. If someone wants to use me in some respect, without going 100 percent into it [as a head coach] I will maybe look into it."