Cagliari striker Nene has signed a new one-year contract with the Serie A club.
The 29-year-old Brazilian joined the Rossoblu on a four-year deal in 2009 but after scoring just 15 league goals for the Sardinians it appeared he would move on in the summer.
However, a statement published on cagliaricalcio.net read: "Cagliari announce that the player Miguel Anderson Da Silva 'Nene' has renewed his contract with the Rossoblu for another year."
Nene's best individual contribution to the Cagliari cause came in December 2010 as he scored a hat-trick in a 3-0 home victory over Catania.
Joint-administrator Paul Appleton brought an end to a lengthy saga on Friday when he announced Otium had emerged successful amid four final bidders for Coventry City Football Club Ltd, part of the League One club placed in administration by hedge fund owners Sisu in March.
The decision has been met with anger by the majority of Sky Blues supporters as the company is related to Coventry City Football Club (Holdings), who have continued to operate under Sisu.
A statement released by the Football League on Tuesday morning read: "At its meeting yesterday, the board of The Football League noted the decision of the administrator to accept a bid from Otium Holdings for the assets of Coventry City Football Club Limited (in administration).
"The League will now work with the administrator and the proposed purchaser with regards to the fulfilment of the requirements of The League's insolvency policy."
No timescale has yet been given as to when the sale will be ratified or CCFC Ltd taken out of administration.
The 66-year-old has signed a three-year contract and will report directly to the club's board as the senior executive in charge of all football-related matters, with manager Alan Pardew and chief scout Graham Carr working under him.
Managing director Derek Llambias said: "The Board is pleased to welcome Joe back to the club.
"Joe has many years of experience working within the game, and this experience will be of great benefit to the club in achieving our objectives over the coming seasons."
The confirmation came in the form of a short statement released by the club a few minutes before midday.
Significantly, it contained no comments from Pardew, the man seemingly most directly affected by the Irishman's installation.
The statement did not outline Kinnear's responsibilities and how they will dovetail with those of Pardew and Carr, the man whose eye for a player has fuelled the Magpies' much-vaunted transfer policy in recent years.
However, the newcomer has insisted he is no threat to the current manager despite speculation that his arrival could mean the 51-year-old's days on Tyneside could be numbered.
Kinnear has, of course, already occupied the hot-seat at St James' Park, if briefly.
He was appointed, initially as interim manager, in September 2008 following Kevin Keegan's departure, and was in charge for 26 games - he won five of them - until health problems ended his reign.
Newcastle were relegated at the end of that season with Alan Shearer having been drafted in for what was a desperate and ultimately vain attempt to drag them out of trouble, and Kinnear has since absolved himself of any responsibility for that disaster.
His cameo on Tyneside was nothing if not colourful, and included a foul-mouthed tirade aimed at journalists, referring to midfielder Charles N'Zogbia as 'Charles Insomnia' and a series of outlandish claims about transfer targets who never ended up in a black and white shirt.
He took to the airwaves on Sunday evening to reveal his appointment after holding talks with owner Mike Ashley, and with the club not commenting yesterday, filled the void himself with a series of outspoken interviews.
