Maloney admits Wigan Athletic 'just weren't good enough with the ball' after crashing out of cup at Wrexham
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Despite dominating possession, Latics couldn't quite prise open a determined Wrexham rearguard.
And when Charlie Hughes and Thelo Aasgaard missed from the spot in the shoot-out, Latics saw their Wembley hopes fall at the first hurdle.
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Hide Ad"It was a very frustrating watch," acknowledged the Latics boss, who had seen his side deservedly beat League One promotion favourites Derby only three days before.
"We just weren't good enough with the ball really.
"We had a lot of possession of the ball, but we just didn't create enough with it.
"Our levels - both with the ball and without the ball - were definitely down from Saturday.
"And that's why we were just unable to win the game in 90 minutes.
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Hide Ad"It's sort of a test for us...you don't really take any positives from a defeat like this.
"It's just more of a lesson for us, what we can learn, and what we can do better next time.
"When we play games like this again, when we have that amount of possession, we have to be loads more aggressive than what we were here."
Maloney made four changes to his starting XI, handing first starts of the campaign to Baba Adeeko, Kell Watts, James Balagizi and Chris Sze.
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Hide Ad"I was happy with all of them, Baba especially did really well," assessed the Scot.
"They all did well, I just think it became harder and harder, especially in the second half, when we were struggling to find space.
"Wrexham were well organised, but we probably needed a bit more in the forward areas, more aggression when we get the one-v-ones, and we have to run better without the ball.
"But I can't be too critical, because they were that good on Saturday.
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Hide Ad"We just need to understand that when the players aren't quite at the level they can be, we won't win games.
Sam Tickle was called into action early to thwart James Jones, with the Latics custodian a tad fortunate the parry out didn't fall to a home attacker.
The visitors had a scare just before the break when Sze went into the book for a mistimed lunge that - with the benefit of the TV replays - could easily have warranted a red card.
Wrexham started the second half strongly, with Ollie Palmer curling a shot wide of the far post, although Tickle appeared to have it covered.
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Hide AdA fine double save from Tickle then kept out Wrexham again, the first one he'd expect to save, the second one to deny Jordan Davies right out of the top drawer.
Latics sent on Aasgaard, Charlie Wyke and Callum Lang in the final half-hour, but Jake Bickerstaff’s fierce strike required another good save from Tickle.
With neither side able to force a winner, the game went straight to spot-kicks.
Luke Young and Elliot Lee scored Wrexham’s first two, with Wyke and Humphrys replying.
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Hide AdBut after Tom O’Connor scored Wrexham’s third, Hughes sent his effort high into the crowd.
And after Sam Dalby nudged Wrexham to match point, Aasgaard sent his effort into almost exactly the same seat in the crowd to the delight of the home supporters.