Betsi Limited have been in talks to acquire the National League South club for some time.
But after a number of delays, they have officially appointed a new chairman and things appear to be progressing for the Essex club.
“We are delighted to confirm that Steve Shore, of Betsi Limited, has agreed to take on the role of chairman with immediate effect and this has been registered with Companies House and the National League,” a club statement read.
“Many will know Steve from his involvement with the club over the last 12 months and we are delighted he is now taking a broader role.
“In addition the Board is also receiving considerable support from Jill Turner, Commercial Manager at Chelmsford City Racecourse, to help prepare the club for the coming season and beyond; demonstrating Betsi's continued support during this transition period.
“The takeover is proceeding, though slowly, and we will have a further update over the next two weeks once the business plans and application to the Football Association are complete.”
It has been a good start to the week for Clarets supporters.
On Monday night they confirmed popular striker Scott Fenwick has agreed to return next season after confirming he will move to Essex from Newcastle.