Rafael Benitez says he has rejected advances from bigger clubs to stay with Newcastle this season.
The former Real Madrid head coach led the Magpies to 10th on the table last season, with the hierarchy refusing to invest in major transfers.
However, Newcastle are worse off this season, sitting 15th and two points from the relegation zone.
Despite presiding over a threadbare squad, the former Liverpool and Real Madrid manager said he has rejected approaches from bigger clubs.
“I had teams, agents, talking with more money than here,” Benitez said ahead of Saturday’s match with Chelsea, another of his former clubs.
“When I say more money, more money than here. But 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.
“Yes it’s a risk but it’s a challenge and I will try to do my best to win every single game.”
“The reality is that we have to compete in a division when we cannot compete against Bournemouth, who are spending money,” the 58-year-old said.
“Forget about the top six, we have to compete against the others and we have to be realistic.
“That doesn’t mean you are negative. Realistic, because you have the experience.”