Newcastle boss Rafa Benitez is set to be handed a significant summer transfer budget for the club's return to the Premier League after productive talks with owner Mike Ashley.
The two men, along with managing director Lee Charnley, met on Tuesday to discuss the way forward after the club's promotion back to the top flight as Championship title winners, amid speculation Benitez could walk away from the club less than 12 months after signing a three-year contract.
In a statement released on Wednesday evening, 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.