The jaw-dropping offer is thought to have prompted Ten Hague to step away from his current role at Ajax, with Manchester United cited as the next destination for a highly-rated coach.
But Ten Hague has been reluctant to leave his current post at Amsterdam and has already turned down English football after Jose Mourinho’s departure from Tottenham Hotspur. With that in mind, Newcastle may need to focus their attention elsewhere.
Newcastle’s shortlist includes former AS Roma boss Paulo Fonseca, who has influenced new director Amanda Staveley in recent talks between the two parties. They too are ready to start working directly.
Meanwhile, Lucian Favre, Frank Lampard and Roberto Martinez are other names recognized by the St. James Park range.
Graeme Jones is expected to remain in charge of the squad for Saturday’s Chelsea visit following an impressive showing in his recent draw with Crystal Palace.
With that in mind, Tyneside Club will not make a knee appointment and go through the entire hiring process before confirming their new coach.
Despite their new-found wealth, the Magpies remain in a dangerous position at the table and are currently ranked 19th unbeaten after nine matches.
No matter who comes in, they have a healthy transfer war chest to get in, but first they have to stay out of the Premier League drop zone.