Rafael Benitez will remain as Newcastle United manager, after receiving assurances from owner Mike Ashley about the budget for player signings.
Benitez led the Magpies to the Championship title last week and also automatic promotion to the Premier League. However, he considered leaving St James’ Park, after the club failed to bring in the players he wanted in the January transfer window.
Promotion to the top flight was worth an estimated £170million last year and Ashley has pledged that Benitez will “have every last penny that the club generates through promotion, player sales and other means in order to build for next season”.
“It was agreed by all parties that the meeting was very positive and constructive. Mike again congratulated Rafa and his team on gaining promotion to the Premier League as champions.
“Plans for next season were discussed, including the purchase and loan of players to add to the squad in readiness for the Premier League season,” a club statement read.
Benitez added: “I’m pleased with how the meeting went and the positive approach we are all taking together to build on what we have started this season.
“There will be challenges ahead, of course, the summer will not be easy, but the hard work has been going on for some time and we can now continue positively with the development of the squad ahead of the start of the new season. I wish fans an enjoyable summer!”
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