Rafael Benitez has signed a new three-year deal to stay on as Newcastle United manager as confirmed by the club.
Sky Sports 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 club statement sa published on the Magpies’ official 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.”
Although the club dropped out of the top flight, Benitez reignited their campaign in the last two months, leading them to three wins and a six-game unbeaten run, which culminated in a 5-1 demolition of Tottenham on the final day of the season.