Newcastle United next manager odds: The favourites to succeed Rafael Benitez including Jose Mourinho and Roy

It’s the news that all Newcastle fans were dreading to hear – Rafael Benitez will leave his post as manager when his contract expires at the end of the month.

Benitez, 59, has been with the Magpies since 2016 and endeared himself to the fans after getting them promoted back into the Premier League and keeping them in the top flight for two seasons.

Benitez was unable to agree terms for a new deal with Newcastle owner Mike Ashley

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Benitez was unable to agree terms for a new deal with Newcastle owner Mike Ashley

The club said in a statement: “It is with disappointment that we announce manager Rafael Benitez will leave Newcastle United upon the expiry of his contract on June 30, 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.

“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.

“The process to appoint a successor will now begin.”

But who is in the frame to take over from Benitez? Scroll down to see the favourites for the Newcastle job, courtesy of Paddy Power via Oddschecker.

Danny Murphy comments on Rafa Benitez’s Newcastle exit

David Moyes – 20/1

Moyes has managed in the Premier League with Everton, Manchester United and West Ham

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Moyes has managed in the Premier League with Everton, Manchester United and West Ham

Jose Mourinho – 16/1

Could Benitez’s old foe Mourinho replace him at Newcastle?

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Could Benitez’s old foe Mourinho replace him at Newcastle?

Chris Hughton – 16/1

Hughton has managed Newcastle before

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Hughton has managed Newcastle before

Gennaro Gattuso – 14/1

Gattuso has been out of work since leaving AC Milan at the end of the 2018/19 season

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Gattuso has been out of work since leaving AC Milan at the end of the 2018/19 season

Garry Monk – 10/1

Monk was sacked by Birmingham last week

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Monk was sacked by Birmingham last week

Eddie Howe – 10/1

Could Howe be tempted by a move to the North East?

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Could Howe be tempted by a move to the North East?

Roy Keane – 8/1

Roy Keane left as Nottingham Forest assistant manager at the weekend

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Roy Keane left as Nottingham Forest assistant manager at the weekend

Mark Hughes – 8/1

Mark Hughes was sacked by Southampton in December 2018

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Mark Hughes was sacked by Southampton in December 2018

Alan Pardew – 7/1

Pardew would be into the final year of an eight-year contract at Newcastle he signed in 2011 if he was still there

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Pardew would be into the final year of an eight-year contract at Newcastle he signed in 2011 if he was still there

Mikel Arteta – 5/1

Manchester City assistant manager Arteta is the bookies’ favourite for the Newcastle job

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Manchester City assistant manager Arteta is the bookies’ favourite for the Newcastle job

Paddy Power are also offering odds of 500/1 to see Ant and Dec become co-managers if you think Ashley will go for an alternative move!

Manager Rafa Benitez will leave Newcastle when his contract expires at the end of June