Ex-owner Chris Wright has agreed a deal to sell his 15% stake in Queens Park Rangers following lengthy negotiations, according to chairman Bill Power.
Wright bought QPR in 1996
Wright is expected to sell his shares at the full price but give the club 50% of the money paid to him.
Power, who took over as Rangers chairman in June, said: "Chris has finally made what we consider to be to be a good offer to sell his shares.
"He'll give a significant amount of cash to the club. It's a nice gesture."
It is not yet clear who will buy Wright's shares.
But a Monaco-based group that purchased a stake in QPR earlier this year have first refusal.
Wright bought Rangers along with rugby union outfit London Wasps in 1996 and formed Loftus Road plc.
A financial crisis hit the company and Wright stood down as QPR chairman in 2001. He later relinquished his majority shareholding.
He retained a stake in the football club and remains the owner of Wasps, who now operate seperately.
Meanwhile, R's boss Ian Holloway will make another attempt to capture Middlesbrough centre-back Andrew Davies.
The 20-year-old was set to sign on loan before Christmas but Boro blocked the move because of injury problems at the Riverside Stadium.