Middlesbrough boss Steve McClaren has ruled himself out of the running for the Newcastle managerial vacancy.
McClaren feels he owes it to Boro chairman Steve Gibson to stay
Newcastle are believed to have expressed an interest in taking England assistant coach McClaren to St James Park to succeed Sir Bobby Robson.
McClaren told The People: "There was something attractive about the job and it was flattering to be considered.
"But I owe it to a lot of people to build something at Boro that will last, not something to just turn my back on."
McClaren admitted that the prospect of moving up the coast to Newcastle had given him food for thought.
He added: "I'd be the first to admit my whole world was upside down for a while - once it was made clear to me Newcastle were interested.
"What do you say? It's a massive club with some great players. It's got a tradition and heritage and you wouldn't be human if part of you did not think: 'Yeah, that could be the job for me'. I defy anyone not to have those kind of emotions."
McClaren hinted that Newcastle's off-field internal problems and reported disruptive factors in the dressing-room raised questions in his mind.
He stated: "Then you do what you must always do and not act on first instincts but to sit down with a clear head and think of the pitfalls and bonuses.
"You wonder if the grass is really greener and whether I'd ever be satisfied walking away from something that isn't even half-finished.
"What I've got at Middlesbrough is fantastic and to throw that away for a job which was surrounded by question marks was something that didn't really sit right with me."
McClaren also said he owed a debt to Boro chairman Steve Gibson, who has backed the manager's decision to turn down previous overtures from Leeds and Chelsea with funding to bring in players like Mark Viduka, Jimmy Floyd Hasselbaink and Gaizka Mendieta.
The Boro boss said: "I can't say enough about the chairman. I don't know anybody else in his position who's gone out on a limb for their club.
"When there was the buzz about Chelsea at the beginning of the summer all he asked was that I keep him informed of what I was thinking.
"It was the same this time, I was duty bound to keep him up to speed and we had a long chat.
"He confirmed what was always at the back of my mind; that we'd started something I felt honour-bound to try to help complete.
"The chairman has backed me all the way with the players we've brought in this summer."