John Carver has survived a crunch meeting with Newcastle managing director Lee Charnley and is set to remain in charge at St James's Park until the end of the season.
Speculation had been rife that Carver could be sacked even at this stage of the campaign in the wake of the Magpies' abject 3-0 defeat at Leicester on Saturday - their eighth straight league defeat.
But the club issued a statement in which they insisted Carver would continue with his duties after "frank dialogue" with senior players. The statement read: "Following the result at Leicester City on Saturday, there has been two days of frank dialogue with John Carver and senior players.
"The outcome of those discussions is that the board, John Carver, his staff and players are absolutely focused on our current situation and the three hugely important fixtures that remain this season, two of which are at St James' Park. All parties accept responsibility for the current situation but are determined to ensure this club - your club - retains its Premier League status."