Tony Fernandes is expected to take over Queens Park Rangers in the next 24 hours and has pledged his support for boss Neil Warnock.
The Malaysian businessman will become the majority shareholder and is understood to be buying more than the 51 per cent stake initially discussed.
The owner of Air Asia and Formula One's Team Lotus was at Loftus Road for the club's opening game drubbing by Bolton but said: "I think Neil is a super guy and he's done extremely well to have got QPR to where they are.
"He'd have my full support. I think the manager should get what the manager wants."
Bernie Ecclestone, who owns 66 per cent, has wanted to sell for some time and this deal will ensure he ends his ties with Loftus Road.
Steel magnate Lakshmi Mittal is also set to increase his 33 per cent share but Fernandes will have overall control.
QPR have pencilled in a press conference at Loftus Road on Thursday to announce the deal.
The news will come as a huge boost to Warnock as Fernandes wants him to sign four players before the transfer window shuts.
Meanwhile, Kieron Dyer could be fit to face Wigan in 11 days. It was feared the forward had broken his foot on debut in the 4-0 defeat by Bolton but it is just badly bruised.
Dyer has been wearing a compression unit to help speed up his recovery.
