Benitez says he's had offers from clubs with more money than Newcastle
Serena Taylor / Newcastle United / Getty

Rafa Benitez says he's discussed jobs that would provide a larger budget than Newcastle United, but he wants to stay with his family in England and repay the loyalty of the Toon Army.

Once again, the Magpies are at risk of dropping out of the Premier League following owner Mike Ashley's miserly transfer outlay. The businessman is looking to sell the club, making it unlikely there will be significant funds for Benitez to spend during the January window.

"I had teams, agents, talking with more money than here," Benitez told BBC Sport.

"The reality is we have to compete in a division when we cannot compete against Bournemouth, who are spending money."

Prior to Saturday's match at Chelsea, Newcastle are two points above the relegation zone. Benitez's side has collected all points available over November, but have since won once in eight outings.

However, Benitez isn't willing to jump ship, even with the discouraging form and lack of boardroom support.

"I said before, I wanted to come to England, to stay close to my family and then this club was an opportunity, to be in one of the top 10," the former Valencia, Liverpool, and Napoli manager continued.

"Still I want to do something here, I want to stay in England.

"I'm close to my family, the fans have been fantastic, so you try to do something properly. It's a challenge, but it's a risk."

Benitez says he's had offers from clubs with more money than Newcastle
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