Rafael Benitez will leave Newcastle when his contract expires on June 30, the Premier League club have confirmed.
The 59-year-old had been in talks over a new deal but will now leave the club after failing to reach an agreement.
Newcastle confirmed Benitez’s departure in a statement on Monday, which read: “It is with disappointment that we announce manager Rafael Benitez will leave Newcastle United upon the expiry of his contract on 30th June 2019.
“We have worked hard to extend Rafa’s contract over a significant period of time, however it has not been – and will not be – possible to reach an agreement with Rafa and his representatives.
“Rafa’s coaching staff, Paco de Miguel Moreno, Antonio Gomez Perez and Mikel Antia, will also leave the club on 30th June.
“We would like to thank Rafa and his coaching team for their efforts over the last three years and their significant contribution to what has been collectively achieved.
“We would also like to thank our supporters, players and staff for their patience during a period of uncertainty. The process to appoint a successor will now begin.”
Benitez leaves Newcastle after three successful years in charge at St James’ Park.
The Spaniard first took over from Steve McClaren in March 2016, with the club 19th in the Premier League.
He could not save Newcastle from relegation but stayed in charge and guided the club to an immediate return to the Premier League, winning the Sky Bet Championship title.
After overseeing two mid-table finishes since their return to the top flight, Benitez wanted the tools for Newcastle to compete for a European qualification place and potentially lift a domestic trophy.
However, the former Liverpool and Real Madrid manager has now chosen to leave the club at the end of the month.
Benitez is increasingly likely to take up a £25m-a-year offer to manage Chinese club Dalian Yifang, according to Sky Sports.
With Sky Sports report