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Newcastle United: Rafael Benitez 'can have every last penny' to build - Mike Ashley

Newcastle United manager Rafael Benitez can expect up to £100m to spend on new players following positive discussions with owner Mike Ashley.

Benitez guided the Magpies back to the Premier League at the first attempt.

However, he was seeking assurances that he would be able to strengthen his squad again after the club's promotion.

In a club statement, Ashley said Benitez and managing director Lee Charnley can have "every last penny the club generates" to build for next term.

Benitez added: "I'm pleased with how the meeting went and the positive approach we are all taking together to build on what we have started this season.