Terry Venables will remain in charge at Leeds United, despite the impending sale of Jonathan Woodgate.

Newcastle have agreed a œ9m fee for the England defender, a move which has anngered Venables, who feels powerless to do anything to stem the exodus of players from Elland Road.

“I only found out about it in the afternoon,’ said Venables when asked for his thoughts on the Woodgate deal.

“It is very disappointing but I’m not going to make a knee-jerk reaction. I’m just going to have a think about it as far the future goes.”

Leeds, though, were quick to quash rumours that Venables was going to walk out on the club.

“There has been no suggestion from Terry that he is preparing to resign from his position,” Leeds stated on their official website.

‘Any suggestions that Terry Venables has resigned are categorically untrue.

“As Venables has suggested himself, he may well consider his long-term future, but for the moment he is prepared to continue with his work at Elland Road.”

Leeds chairman Peter Ridsdale defended the sale of Woodgate, arguing that the club had no say in the matter.

“I admire and respect the fact that Terry iswith us, has put up with some very difficult times and has accepted what we’ve had to do in the transfer market.

“I believe it would be right and proper for us to work together for Leeds United in the future.”

“Terry did not want to sell Jonathan and I respect that.”