All this up-coming and young speak is similar to young players or league proven. You sign the best man for the job, for the position of manager and players age is a consideration naturally, more in the case of players, but never to the extent of overriding quality.
Important point: the idea of having a young-and-upcoming manager in football circles was that he would revolutinise the club from top to bottom, loath as I am to use it, Ferguson is the best recent example. When he came in, he had to eradicate the social and drinking club culture that Utd had acquired, lay in an entire scouting system, change the squad, change the diet, change the fitness work. That's where youth has its most tangible benefit, and with youth, you can give the manager time as these things take years to set, and there's a reasonable assurance he won't drop dead in the meantime.
If they are creating a system where the manager mainly coaches and picks the team, why is age an issue? (with the obvious exception of picking a 70 + year old)