Rafael Benitez signs three year deal to stay at Newcastle United
Rafael Benitez has agreed a three-year deal to stay on as Newcastle United manager.
Sky Sports News HQ reported earlier on Wednesday that the Spaniard had struck a deal to extend his tenure, despite failing to prevent the team's drop to the Championship.
The 56-year-old signed a three-year contract when replacing Steve McClaren in March, but the agreement was reported to include an option to cancel at the end of the season.
However, the club have managed to persuade Benitez to remain at St James' Park and announced the news on Wednesday evening. A statement on the club's website read: "Newcastle are delighted to confirm that Rafa Benitez will remain as Newcastle United manager, after signing a new initial three-year contract.
"On Wednesday afternoon the Spaniard put pen to paper on the deal which will keep him on Tyneside until at least the summer of 2019. Benitez will have day-to-day responsibility for all football-related matters at the club."
Benitez said: "I am extremely pleased to be staying at Newcastle United. The love I could feel from the fans was a big influence for me in my decision to stay, as was my relationship with Lee Charnley and all the staff, this is a huge club and I wanted to be part of the great future I can see for Newcastle United."
"I am sure we can be where we belong again. But we must work hard - but it's not easy, for me it's a challenge. I have a reputation, I have won trophies and now it's time for a project. I can see the possibilities.
"I am convinced we can go up next season. I am convinced we can win trophies - that's why I am sitting here today"