PSG president Robin Leproux revealed in December that club owners Colony Capital were considering selling a minority stake, but insisted they would not give up control.

However, a statement on www.psg.fr read: "Colony Capital and a Qatari investment company have signed a letter of intent whereby this company shall, if the agreement is signed as contemplated, become the majority shareholder of Paris St Germain, with 70% of the football club. Colony would retain a 30% interest.

"With this new partner, Colony Capital would fulfil its objective of ensuring PSG's growth and long-term prospects.

"The partners will work together to build on Colony Capital's achievements over the last five years of their ownership of the club, to enhance its visibility and pre-eminence."

PSG finished fourth in the recently-concluded Ligue 1 campaign, securing a place in next season's Europa League.

Sebastien Bazin, chair of the club's supervisory board and head of Colony Capital in Europe, said: "Since the beginning of its investment in the PSG, Colony has recognised that it would always be but a steward of this great club.

"Over the last five years, Colony has worked diligently to improve the management of this Parisian institution.

"It has laid the groundwork, including a new successful training centre and reinvigorated the youth academy, from which to launch the club in its rightful place among Europe's leading clubs. And in parallel, has tackled spectator experience in the stadium to give the stadium back to a broad family-based audience.

"As part of its stewardship, Colony sought out the ideal partner who would contribute to its ambitions for PSG and assure its place in history.

"Our new associate is such a partner, fully motivated to ensure the club fulfils its full potential. It appreciates the important accomplishments of the current management and will continue to work with them to take the club to the next level."

A press conference will be held at 1530 local time (1430 BST) at the Parc des Princes.