Sao Paulo, Brazil (BBN)-England manager Roy Hodgson insists he has no regrets about his World Cup strategy despite the dismal failure of going out in the group stage.

Costa Rica's 1-0 win over Italy sent England out at the group phase for the first time since 1958 after their second defeat of the campaign against Uruguay in Sao Paulo on Thursday, reports BBC.

Asked, before England's exit was confirmed, whether he had any regrets about the way he had approached the tournament in Brazil, he responded: "No."

"Results colour everything," Hodgson said. "We've worked so hard, done so much preparation for this tournament. We think we came here well prepared but we've failed.

"We obviously had really big hopes we were going to make the nation proud by going far in the tournament and we haven't done that so any words on any other subjects are pretty empty at the moment."

The 66-year-old and his players must now suffer the embarrassment of concluding their programme in Brazil with a dead rubber against Costa Rica in Belo Horizonte on Tuesday before flying home.

Hodgson has tried to put a gloss on England's exit by predicting a bright future under an emerging group of new youngsters.

Liverpool teenager Raheem Sterling and Everton youngster Ross Barkley have hinted at promise to come, while Southampton defender Luke Shaw and Arsenal's Alex Oxlade-Chamberlain may get an opportunity to make an impression against Costa Rica.

Everton defender John Stones and Liverpool's Jon Flanagan also made a good impression in England's World Cup training camp in Miami before flying home ahead of what has turned into an embarrassment for Hodgson and his squad.

"I don't think there's any need to doubt this England group of players will go on to do good things in the time ahead," he said.

"I believe the team going forward will be a very good team. I think there are good young players. Even against Uruguay we saw some good individual performances and the young ones that came on did quite well."

It seems likely England captain Steven Gerrard and veteran Frank Lampard will announce their international retirement at the end of the World Cup, while there will be doubts over the long-term futures of a host of other players including Everton captain Phil Jagielka and Liverpool right-back Glen Johnson.

Hodgson, who has been given the full support of FA chairman Greg Dyke to take England forward to Euro 2016, added: "I'm very low and so are the players, We had high hopes.

"We thought we could make an impact but unfortunately we haven't won the games. To make an impact you've got to win games and we've lost both of our games."

Hodgson still defended England's players, even though they will face fierce criticism for the premature end to their World Cup. It is the first time England have ever lost their opening two games at the tournament.

"I'm proud of the way they've approached this tournament and everything they put into it," he added. "At the moment I'm just devastated they've got nothing out of it.

England were undone by one of the Premier League's world-class imports in Liverpool's Luis Suarez and Dyke and the FA are in the process of attempting to produce more home-grown talent for the national team.

"The Premier League is always going to attract the best players in the world because it has got the most money," Hodgson noted. "The best players play where the money is. That's going to increase the quality of the Premier League.

"That might make my job harder but maybe with the emergence of so many good young players, maybe they're learning from the talent these people bring. Who knows? Maybe in a perverse way they will get better as result."

BBN/AS-21June14-9:00am (BST)