Newcastle United a best price 5/2 to win Sky Bet Championship after Rafael Benitez signs three-year deal at St James’ Park
Rafael Benitez has never managed in the Championship, although the Spaniard has decided to remain in charge at Newcastle United for next season, meaning that he will have to acquaint himself with England’s second tier.
The bookmakers have reacted to the news by slashing the Magpies’ odds to win the 2016/17 Championship, with bet365 now going 5/2 that Newcastle claim the title and make an immediate return to the Premier League.
It is clear that Benitez has received assurances regarding future investment into the team, with Mike Ashley desperate to keep on a manager who made a decent fist of trying to keep Newcastle in the top flight.
Bet365 offer 4/5 that Newcastle are promoted next season, with second spot enough for the Tyneside club to go up automatically, while there is also the play-off route which is afforded to teams that finish between third and sixth.
If you think that Benitez’s reign at St James’ Park will be ill-fated, then you can get 100/1 that United suffer a successive relegation although it appears that Newcastle will be featuring at the right end of the table.
However, Benitez is a 3/1 chance to see out his three-year contract at Newcastle, with the bookmakers expecting the Spaniard to move on before 2019, even though his commitment to the club suggests he wants to build a legacy for the Toon Army.
Bet365 offer 2/9 that Benitez leaves before the summer of 2019, with Steve Freeth telling bookies.com: “Their promotion odds have been shortening on the back of the rumours about Rafa staying and confirmation of this may now see their price contract further.”
All odds were correct at time of posting.