The former Liverpool boss has one year remaining on his contract, but has had to reaffirm his commitment to the Magpies after the last two seasons, releasing a joint statement alongside Ashley this time last year.
"They made me some offers to stay here for a few more years, plus I have to manage my family: if I chose to go to Newcastle and stay there, even in the Championship, it's also because of my family".
Benitez was once again giving nothing away about the ongoing talks over his future on Tyneside as he prepares to enter the final 12 months of his existing contract, although he did reveal that a pre-season which will include a trip to Ireland is already planned.
"And my priority is to stay in England".
He then went onto claim managers do have to "wheel and deal sometimes" if they don't have the money, which could present a different problem over the course of the summer if Newcastle owner Mike Ashley doesn't back Benitez financially on the transfer front. 'From the start Newcastle outplayed us I many aspects.
"Finally, I would like to thank the fans for their unrivalled support of Rafa and the team throughout the season". We want to compete and with the right quality and at the right level. "There are conversations and we will see how far we go", he said. It is a major disappointment for such a wealthy club, a result that could trigger many player movements as the team looks to rebuild during the offseason.
"You need competition to approach any game you want to win". That is the way to improve things.
"We've made mistakes in the past with England taking players you can't rely on because of injury".
Whether Ashley is able to give Benitez sufficient backing to keep him remains to be seen, and both he and the fans face an anxious wait.