bad results, including embarrassing losses to main rival FK Lyn, and the exit from the UEFA Champions League, after losing 5–3 on aggregate to Czech club Mladá Boleslav in the 2nd qualifying round. Vålerenga had aimed to qualify for the tournament after missing out the previous year by being defeated by Belgian side Club Brugge on a penalty shoot-out. After losing five out of seven games between 22 July and 19 August head-coach Kjetil Rekdal announced his resignation. Assistant coach Petter Myhre took over as interim manager, and as a result the club regained their form and scored 25 out of the last 30 possible points, bringing the club to a third place in the league, as well as a qualification spot for the 2007–08 Europa League. Vålerenga also qualified for play in the 2006–07 Scandinavian Royal League after finishing among the top four teams in Norway. In October 2006, Petter Myhre was hired on a permanent basis, but he would resign in July 2007, following a string of bad results. In November 2007, Martin Andresen signed a three-year contract to become the next manager of Vålerenga. Heavy investment from owners and investors saw the signing of several high-profile players, most notably Lars Iver Strand and Kristoffer Hæstad. However, despite winning the 2008 Norwegian Football Cup, the following season was a disappointment, with Vålerenga finishing 10th in the league. In the 2009 season, Vålerenga finished 7th, reaching the semifinal in the cup. 2010 saw a revitalized Vålerenga, led by a trio of effective forwards, Mohammed Abdellaoue, Bengt Sæternes and Luton Shelton. Vålerenga finished second in the league. However, Vålerenga could not repeat the success in 2011 and 2012. In October 2012, Andresen and Vålerenga agreed to part ways. A new era (2013–present) Kjetil Rekdal returned to the club as head coach in January 2013. Facing economic difficulties from previous seasons and being without a shirt sponsorship deal, Vålerenga spent much of the 2014 season dealing with a severe risk of bankruptcy, finally signing a new shirt sponsorship deal with DnB on 29 July. The signing of striker Vidar Örn Kjartansson in front of 2014 season proved to be a huge success, with the Icelandic player scoring 25 goals in 29 games, helping the Oslo club secure a sixth place in the league after a drop in form in the latter half of the season. On 13 July 2016, Ronny Deila