Benitez will be given every penny
Rafa Benitez will continue as Newcastle manager after holding positive talks with owner Mike Ashley. Benitez has guided Newcastle back to the Premier League at the first time of asking, but his future had been thrown into doubt after Newcastle's failure in the January transfer window. Benitez was desperate to bring Andros Townsend back to St James Park from Crystal Palace, but the Newcastle board was unwilling to meet the asking price. Following this Benitez told the media that his future beyond this season at Newcastle would need discussion.
Benitez flew to the Sports Direct headquarters on Wednesday for a crunch meeting with Ashley and managing director Lee Charnley, after hours of talks all parties agreed that the meeting had been positive and constructive.
A statement from Newcastle read "Newcastle United can confirm that a meeting has taken place between the club's owner, Mike Ashley, managing director Lee Charnley, and manager Rafa Benitez.
"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."
Speaking after the meeting to Newcastle’s official website, Mike Ashley said: “I’ve confirmed to Rafa and Lee that they can have every last penny that the club generates through promotion, player sales and other means in order to build for next season.”
Manager Rafa Benítez 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!”
Following this news, Benitez could have a war chest of around 100 million pounds to keep Newcastle in the Premier League.