Peter Taylor will continue the business of trying to get City promoted after admitting it was not “the right time” to accept Newcastle’s offer.
Taylor was “flattered and tempted” by the opportunity to become Alan Pardew’s number two at St James’ Park.
But he feels there is an unfinished job to do at Valley Parade and was not ready to become an assistant.
Taylor, who has begun 2011 with back-to-back wins, also revealed that he had turned down another rival offer before the season kicked off.
He said: “I’ve got a lot of respect for Alan Pardew and Newcastle United, who are a magnificent football club. It was very flattering and very tempting.
“But I feel as though I’ve come to Bradford with a job to do. I could have gone somewhere in the summer but I wanted to stay.
“I think the chairmen understand, although they might be surprised.
“If I’d wanted to go to another League One or League Two club then I’d imagine they would have had the raving hump.
“But this was the chance to go to a very good manager and a very good football club. I just listened to what could have happened.
“If I had not been committed to something now and somebody had offered me this then I would have thought about it very seriously.”
Geordies boss Pardew has been looking for an old head to work alongside Willie Donachie and Steve Stone in his backroom staff. Taylor was identified as the coach capable of bringing the club’s youngsters through.
The City chief turned 58 on Monday but is still, for now, reluctant to leave the hot-seat for a supporting role.
He added: “There was a chance I was going to work with Roy Keane (at Ipswich) when I left Wycombe and I’ve had a couple of managers over the years who have asked me to think about it.
“Being an assistant and using my experience to support a young manager is something I want to do one day. But it wasn’t right at this particular time.
“It wasn’t an easy decision but I wouldn’t have been very happy with myself if I had taken it.
“Julian (Rhodes) thinks I’m mad! But I have to be comfortable with the decision.
“It’s me that would have to leave and walk out of the agreement here early and that’s something I don’t like to do.”
Taylor told Rhodes that he would not be going north in a late-night phone call after the Bury game.
And City’s co-chairman stressed that the episode would have no effect on the manager’s future dealings with the board.
Rhodes said: “Peter wanted to make sure that it wouldn’t sour the relationship and I said ‘not at all’.
“I understand why he wanted to speak to them. Who wouldn’t when a big Premier League club show an interest?
“We didn’t want an unhappy manager by saying that he couldn’t talk to them.
“We’ve done everything right and we’re glad that he wants to stay and hopefully win promotion.
“I’m sure this will make him even more determined to be successful with Bradford City this season.”
Mark Lawn added: “We are now talking to him about the future so it looks to me that we are moving forward with Peter Taylor as our manager.”
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