Newcastle United has insisted he gets a guarantee of money to spend in the transfer market in order for him to sign a new contract at St James’ Park.

It is a regular thing for the Spaniard to make such a request when talks begin on whether he will extend his current deal, which runs out at the end of the season, or not.

Benitez has led Newcastle away from the relegation zone in the Premier League, heavily assisted by the turnaround in their fortunes which has taken place since he broke the club’s record transfer fee, when he signed Miguel Almiron for £20 million in January.

The Spaniard wants to take the Magpies on and establish them in the top eight of the division, and in order to do that he believes he needs in the region of £75m to reinforce his squad with.

“The final third we have been speaking all season… the final third you have to spend £40m, £50m, £75m,” the Daily Express quote him as saying.

It is understood that Newcastle are ready to offer Benitez a three-year deal totalling wages of £15m, a huge contract reflecting the wonderful job he has already done at St James’.

However with key striker Salomon Rondon only on loan, and due to return to West Bromwich Albion in the summer, and doubts over whether Ayoze Perez is good enough at the level, the former Liverpool and Chelsea boss knows he is going to need to spend big, if he is to achieve his ambitions at the club.

There has been a stand-off between Benitez as the Newcastle hierarchy over his transfer budget throughout his time on Tyneside, but if the Magpies are going to fend off stiff competition for their manager from powerful clubs in Europe and beyond, they now know the sort of finance it is going to take to satisfy him.

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