Gareth Southgate acknowledged it was a "gamble" to bring on substitutes Marcus Rashford and Jadon Sancho to take penalties in the Euro 2020 final.
England suffered a 3-2 defeat to Italy in the shootout, after the match finished 1-1, with Rashford striking the post before Italy goalkeeper Gianluigi Donnarumma saved from Sancho and Bukayo Saka.
England have won just 22 per cent (two out of nine) of their major tournament shootouts, the lowest ratio of any European nation to have been involved in three or more.
When asked if Rashford and Sancho, both brought off the bench in extra-time a few minutes before the shootout, might have been "cold", Southgate said the decision was one fraught with danger.
"That is the risk you run but they have been the best in the lead in, and to throw all those attacking players on you have to do it late," he told ITV.
"You have got to have balance to the team. You can't just throw on attacking players earlier, or you lose your shape and don't have a foothold in the game.
"It was a gamble but if we gambled earlier in the game, we maybe lose the game in extra time. I chose the guys to take the kicks."
Southgate revealed England's order for the penalty kicks had already been decided in advance of the Wembley final, and said the decision to let Saka take one was his alone.
He added: "It's my decision to give him that penalty so that is totally my responsibility. Not his.
"The same with Marcus or Jadon. We work together, worked through them in training, that was the order that we came to.
"I said afterwards that nobody was on their own in that situation [missing a penalty].
"We decided to make the changes late in the game and we lose together as a team. The players have been tight throughout and that's how it will stay."
Southgate said he was proud of England's overall display in the tournament although felt they were poor in possession in the final.
"In the end we were not quite able to see the game through in normal time and Italy showed the outstanding team they are with 30 plus games unbeaten," he explained.
"Our players have to be proud of themselves. Every one of them has been exceptional. First time we have to a final and we are very disappointed not go on a step further.
"Italy have some outstanding players but we didn't keep the ball well enough in that initial period in the second half. We changed the shape to get more of a grip. It was a lack of composure in possession which turned the game."
England will now switch their focus to next year's World Cup in Qatar, although Southgate needs time to let the wounds heal from this defeat.
"It's hard to reflect at this moment because the disappointment is enormous for all us," he said.
"The players have done us proud. The way the nation have got behind us. I know tonight has burst the balloon. But I hope everyone remembers what this group has given them.
"We have given everyone some fantastic nights and we wanted to give them one more and came close to having done that. It's hard for me to put that into words at the moment.
"At this moment it is hard to look that far ahead. This was a wonderful opportunity and we need let that sink in before thinking about Qatar."
Giroud leaving Milan to join MLS at end of season
Olivier Giroud announced he will be leaving Milan to join the MLS at the end of the season when his contract expires.
The Frenchman joined the club in July 2021 from Chelsea, winning the Serie A title in his first season.
Giroud has scored 48 goals in 130 games in all competitions for Milan, netting 16 of those this season to help them to a second-place finish.
In an emotional interview with the club’s media channels, Giroud said: "I'm here to tell you that the next two games will be my last for Milan. My career will continue in MLS.
"I'm very proud of everything I've done here at Milan across three seasons. It's the right time to announce it. I'm a bit emotional. My story with Milan ends this season, but Milan will forever remain in my heart."
Though Giroud did not confirm which team he would be joining in the MLS, previous reports suggested he could be moving to LAFC to link up with his France international team-mate, Hugo Lloris.
Giroud leaving Milan at end of season to join MLS
Olivier Giroud announced he will be leaving Milan to join the MLS at the end of the season when his contract expires.
The Frenchman joined the club in July 2021 from Chelsea, winning the Serie A title in his first season.
Giroud has scored 48 goals in 130 games in all competitions for Milan, netting 16 of those this season to help them to a second-place finish.
In an emotional interview with the club’s media channels, Giroud said: "I'm here to tell you that the next two games will be my last for Milan. My career will continue in MLS.
"I'm very proud of everything I've done here at Milan across three seasons. It's the right time to announce it. I'm a bit emotional. My story with Milan ends this season, but Milan will forever remain in my heart."
Though Giroud did not confirm which team he would be joining in the MLS, previous reports suggested he could be moving to LAFC to link up with his France international team-mate, Hugo Lloris.
Beckham: Man Utd's problems have lasted 'too long'
David Beckham believes Manchester United’s issues have lasted "too long" since Alex Ferguson’s retirement in 2013.
The Red Devils have won just four major trophies since Ferguson’s departure, with their most recent – an EFL Cup win last season – ending a six-year wait for silverware.
United have not won a Premier League title since the Scot’s final season in charge, with six managers failing to reclaim the top-flight crown since then.
This season, Erik ten Hag’s side are at risk of recording their lowest league finish and points tally, as they sit eighth on 54 points with two games remaining.
Beckham, who won 13 trophies, including six Premier League titles and the Champions League, told The Athletic: "I think it has been a difficult time over the last five or ten years, but it was always going to be when the boss left the club.
"It wasn’t just that, we lost players like Ryan Giggs, Roy Keane and Gary Neville, all of these players that had been at United for so long; you lose part of that, and you lose part of the club.
"So it was always going to be a difficult time. But we’d like it to change pretty quickly because I think it’s gone on for too long now."
United have lost 19 games in all competitions this season, their most since 1977-78 (also 19), with nine of those coming at Old Trafford – their joint-most at home in a season and the first time it has happened in the Premier League.
Their 1-0 defeat to Arsenal on Sunday marked the first time they had conceded in 10 successive games in all competitions since October 2021, while the 82 goals they have let in this season is their most since 1970-71 (also 82).
Beckham was speaking at the premiere of 99, the Amazon Prime documentary covering United’s iconic treble-winning season 25 years ago.
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