KEN DAVY is confident a "serious hitch" can be overcome for Town to play Division III football next season.
Football League chiefs yesterday refused to grant Town a licence because all matters relating to football debts in the takeover have not been resolved.
It means the club cannot yet be considered saved and has also caused the immediate postponement of Town's season-ticket offer, which was to have been launched today.
Mr Davy confirmed the hold-up is nothing to do with unpaid wages or unpaid transfer fees but could not comment on the exact nature of the problems.
"It is a serious hitch and one we had hoped could be overcome before now, but I believe we are talking a matter of days rather than weeks to resolve these outstanding matters," said Mr Davy today.
"Myself and my lawyers have been working on this non-stop and we hoped the League would transfer the `share' to the new company in anticipation of a successful outcome, but they wish to see things finalised.
"We, too, have to ensure we are in the proper position to take the club forward strongly and it's important there are no loose ends.
"With the costs already involved, we want to deal with this as quickly as possible and my understanding is that as soon as we have our agreements in place, the League will give us the go-ahead very swiftly."
Fans are bound to worry until League approval is given and Mr Davy conceded it remains a "tortuous and traumatic" process to get the club out of administration, especially as season-ticket sales will now be pushed even closer to the August 9 big kick-off.
Meanwhile, manager Peter Jackson continues talks on squad building and is hoping to land popular Oldham midfield dynamo Tony Carss.
The 27-year-old is understood to have been offered a two-year deal and Jackson is hoping he will train with the club on Monday.
Troubled Oldham still cling to the hope he will stay at Boundary Park, however, while Carss is also a target for Colchester.
Nicknamed `Duracel' by the Oldham fans because of his non-stop workrate, Carss is a strong-tackling, left-sided grafter who has played for Blackburn, Darlington, Cardiff, Chesterfield and Carlisle.
"Tony is just the sort of totally committed player we want to attract and I'm hopeful he will decide to join us," said Jackson of the man who scored against Town last season.
"He is a real worker, someone who will give 110% and who the fans will warm to, and I think he'd be great for us."
Jackson is to have talks about a possible contract offer with Gus Uhlenbeek and he is also hoping to get the `thumbs-up' from both Chris Holland and Ashley Westwood.