Manchester United legend Gary Neville insists there's no reason for panic over English football's Champions League failure.

Speaking on his return to old club Bury Juniors FC as part of the FA Community Awards 2013 presented by McDonald's, Neville said he does not think the situation is that bad.

"We are not in a strong moment. There is no point denying it," said Neville.

"From 2005 to 2012 we had eight or nine finalists, which is a ridiculous success rate when you include semi-finals as well.

"But Barcelona and Real Madrid are stronger, the German teams are stronger, Juventus look like they are getting back to it.

"It works in cycles. You cannot always be at the top. Maybe we are having a period where we are in a little bit of a dip.

"But it may change around completely next year or the year after."