Interim Newcastle boss Joe Kinnear is staying at the club as a Kuwaiti billionaire is reported to be on the brink of buying it.

The 61-year-old Kinnear will extend his stay on Tyneside, which was due to expire at the end of October, until the end of November by agreeing a rolling deal.

Business tycoon Nasser Al-Kharafi is believed to be locked in talks to buy the ailing club for £300 million.

Kinnear will lead the Magpies into the derby clash with Sunderland at the Stadium of Light, and his stay was scheduled to come to an end after the Barclays Premier League visit of West Brom to St James' Park.

However, as he hinted several weeks ago, he will remain in charge for a little longer.

Kinnear said: "I will be signing a new contract, but it will be for another month.

"It's a monthly situation because I know they are in talks - who with, I have no idea - but they are in talks and what they are doing, it is just like a rolling contract, one month after another month, and then take it from there.

"During the week, there were three or four managers mentioned. Gerard Houllier - there were so many, I lost count. Sven-Goran Eriksson was in there as well.

"I don't know, really. There are so many consortiums. My missus rang me and said, 'There's a new one come in tonight.

"It's amazing the coverage they are getting because when I was down in London, you got a little bit about Newcastle.

"I have never seen a back-page lead in the Evening Standard, when you have got Chelsea, Arsenal and all the other clubs, until now."

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