Karl Oyston hopes to appoint a new Blackpool manager in the “next seven to 10 days”.
The Seasiders have been without a permanent boss since Paul Ince was sacked in January, Barry Ferguson taking charge for the last 20 games.
Pool have only five players contracted to the club for next season, meaning a huge rebuild is required, and chairman Oyston wants that process to begin quickly.
He said: “It’s sooner rather than later for us now. It’s something we need to have resolved in the next week to 10 days but that depends on the status of potential targets.”
While Ferguson isn’t yet out of the running, it’s unlikely the 36-year-old will return to Bloomfield Road.
Like most of Pool’s players, Ferguson is out of contact this summer and is believed to have said his goodbyes to the players and staff after Saturday’s defeat by Charlton.
Oyston said: “I’ve still not spoken to Barry – I’ve not had the opportunity. I need to speak to him to see where he stands.
“He seems to have made it clear in interviews he’s off to have an operation and maybe sees a future playing.
“But that needs to be resolved and we need to do it quickly.”
Oyston is understood to have drawn up a shortlist of potential managers and has already made contact with some of them.
He has been inundated with applications, with more than 50 CVs landing on his desk.
The usual names are being bandied around by bookmakers, with Owen Coyle (5/1), Sean O’Driscoll (7/1), Billy Davies (10/1), Chris Hughton (13/1) and York City’s former Pool boss Nigel Worthington (8/1) prominent on their lists.
National newspapers have suggested Accrington boss James Beattie could be in the running but The Gazette understands this isn’t the case.
Club legend Jimmy Armfield is among those consulted by Oyston as he takes advice over the club’s big decision.
The chairman revealed: “I’ve taken the opportunity to speak to and take opinions from people whose word I value or rely on.
“This isn’t just my decision – I’ve discussed various scenarios and outcomes with people I trust.
“It’s important we get as much information and as many opinions as possible on potential candidates before we meet them.”