Don't think he will come to us but the fact that Paul Lambert isn't going to Celtic and has decided to leave Blackburn would suggest he'll probably go to a Championship club.
By 'cup run' I assume you mean reaching the 4th round?Who's to say that he isn't looking for a change of direction in his approach to management? He's 56 now, he's managed top teams all over Europe none of whom he's likely to return to...except maybe Valencia. His family are settled in the UK, he loves it here, he loves the premier league, he eats sleeps and breathes football (went to watch athletico train on his honeymoon apparently). So outside of the top 4-6 teams in the premier league currently I can't see anything more attractive than a rebuilding project at NUFC where the city and its fans (much like Rafa) eat sleep and breathe football. The fact that we'll be in the fizzy pop league is immaterial I feel. We would still have the same cup runs (hopefully) we'd have in the big boys league and whilst trips to Rotherham, Brighton, Sheff Wed etc might not seem that attractive on the face of it...it's still football at the end of the day and maybe....just maybe Rafa is looking past all of this in the same way as I am and thinking that he could be on to an amazing thing here where he can see out his managerial years and disappear into the sunset when his work here is done!
If he does go tho, there's nee way Pearson will be allowed near the place. He took the club to a tribunal after he was sacked, I can't remember if he won or not but he's pissed on his chips now and I'm pretty certain Ashley would rather **** in his own hands and clap than let Pearson within 100 yards of SJP!
We need to unearth the next Koeman, Bilic or Pochettino, Cathro I think could do a decent job and he's surely learnt more from Rafa in 2 months than he ever did in the previous 6 or 7 under McClown.
Fingers crossed for Rafa staying though.
Rafa is not going to stay. That is why there was a tentative 3 year contract, but with the option to cut and run at the end of this season depending on the clubs status. He is not going to build a club up, that is not what he does. He goes in to already successful clubs, adds some key signings and wins things. Then moves on. He is not going to look forward to a night at Rotherham and Preston NE, with the chance to add the Championship to his tally.
This season as well the managerial merry-go-round is in full swing with Pep, Conte etc moving on, there will be clubs there needing managers who play at the top of the leagues in the best competitions. Even Swansea with Franco might be parting ways and that would leave a EPL club needing a manager.

I'm expecting a scenario along these lines if Rafa even thinks about staying.It'd just be our luck that Rafa would decide he wants to stay and rebuild us and Ashley goes and pulls the plug to save a few quid and employs a two-bit, has been yes man.
Even if by some miracle he decides to stay, I could see us fans having a nightmare summer and not having a clue what was going on. The club would probably decide that no announcement was necessary if he was staying in his job - seeing as you don't normally announce that you are staying in the job you currently have. Can you imagine what that would be like??
Still better than him leaving!!
Rafa is savvy, mate, he'd demand the club announce it. Christ can you imagine the attendances if he stays on?!?!
Oooooh, you bitch!Rafa Beneathus
If Rafa goes how about the 'Boro manager? Alternatively since you have so many French players, Thierry Henry or Didier Deschamps (he would certainly kick backsides). Is Bielsa employed by anyone? Someone like Bruce or Pearson may get you promotion but once back in the PL would take you no further than the lower reaches. If I was Ashley I would fly out to Madrid and offer Simeone a king's ransom. You guys have enormous potential to be one of the major clubs in the PL and eventually Europe. What has happened is absurd in the extreme and I am sure only temporary. It is what happens when back in the PL that is important. If you settle for mediocrity (Bruce, Pearson) that is what you will get. If you get a higher calibre manager, you will attain that status.
Those valuations are at the end of last season I think.If we had the remotest chance of getting Bielsa, Simeone or Deschamps, keeping Benitez would be simple and what we'd take anyway!!!!
Interestingly, latest Forbes club valuations are out - recently relegated, still the 20th most valuable club in the World. Insane.