QPR chairman Gianni Paladini claims Flavio Briatore's proposed takeover would be "a dream come true" for fans.
Renault Formula One team boss Briatore is expected to complete a £22million deal for the Championship club early next week, staving off the threat of administration for the financially-troubled west Londoners.
Paladini - who is tipped to stay on as chairman - told The Sun: "It's a dream come true for QPR fans and saves this club from liquidation.
Briatore's spokesman added: "Mr Briatore is looking forward to being involved with English football.
"QPR is a club with a rich history and fine future now."