Rafa Benitez ready to QUIT Newcastle unless he receives backing in the transfer market

Rafa Benitez will walk away from ­Newcastle at the end of the season unless there is a dramatic change in spending policy.

He ­admitted on Friday it would be a “great achievement” simply to keep Toon in the ­Premier League this season.

Benitez’s contract as manager ends in June, and there is no sign he will get the resources to build a top 10 team.

He and the players are under growing pressure after five defeats and a draw in their six games to date this season.

Including the last ­campaign, ­Newcastle have one win and nine defeats in 11 games, and the Spaniard’s ­immediate priority is stopping the rot.

Officially Benitez ­insists he will see what happens in January ­before considering any new deal. But it is ­unlikely significant funds will be made ­available and ­recruitment is ­difficult mid-season.

He said: “My view was very clear at the ­beginning when I ­decided to stay – ­potential, project, to compete in the top 10.

“That’s not the case now, so then we have to review things. It’s obvious to ­everyone we have to do things in another way.

“But at the same time it’s very clear for me that we have to concentrate to get results and to stay in the Premier League.”

Benitez still enjoys the “challenge” of his job, but regrets not being a contender for silverware.

“You miss the chance to compete for trophies but I’ve been here some time now, I know the situation,” he said.

“I try to make the ­players do better, encourage them. I know it’s a challenge. I’m not happy with the situation as we’re losing so I’m disappointed, like every fan.

“I’m really pleased here. I like the city. I like the atmosphere and the fans. The potential of the club is massive.

“What we have is a good team and if we stick together, if we are united, we are stronger.

“Just try to enjoy it as much as you can – to do what we have to do to stay in the Premier League because for our fans, for the city, for the club, for everyone, it’s crucial.”