Harry Redknapp admitted he had been offered a "terrific opportunity" to take over from Sam Allardyce at Newcastle but insisted he had no intention of leaving Portsmouth.
The Pompey boss had been expected to take the reins at St James' Park but after holding talks with the Magpies he decided he could not abandon the south coast club - or the players he has signed.
His decision leaves Newcastle in turmoil as they look to reassess their options, but Redknapp is now looking forward to a stable future at Fratton Park.
"I'm happy - this is a club I feel comfortable at. I have a fantastic relationship with the fans, a fantastic relationship with the owner and with Peter (Storrie, chief executive," he said.
"The players I've brought to the club, I've sold Portsmouth to them and to walk away having brought them here, when the club is doing so well, wouldn't be right."
But the 60-year-old concedes the offer from Newcastle was both flattering and tempting.
"I had a great offer from them and to be offered the chance at a fantastic club like Newcastle was a terrific opportunity for me but at the end of it I couldn't do it," told Sky Sports News.
"I had no intention of leaving here. The job now is to take this club forward. To walk away is not the right thing to do."
Storrie believes keeping the former West Ham boss at the club is a massive coup for Portsmouth and is now looking forward to make even further progress alongside Redknapp.
"We're absolutely delighted. We've been in lengthy discussions with Harry, who has now been linked with three top jobs - Tottenham, England and Newcastle," he told the club's website, portsmouthfc.co.uk.
"It speaks volumes about his desire to see Pompey succeed that he wants to stay here. Harry feels that he still has a job to do here. We have moved forward tremendously but he feels there is still more that can be done.
"Harry staying has taken a huge wrench away from my stomach."
Source : www.sportinglife.com
