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.

"Mr Briatore wants to do for QPR what Mohamed Fayed has for Fulham and turn us into a Premier League club."

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."