He said the company would submit the required application before the Aug. 14 deadline.
Congress, which will take time off for the political conventions and its own re-election campaigns, has set an Aug. 31 deadline for action.
The efforts of the buyout group will now focus on getting the financing before an Aug. 9 deadline.
Zambrano is exploring possible trades before the Aug. 15 deadline in an effort to salvage this season.
The offer was rejected, setting the stage for the Aug. 31 deadline and, ultimately, the sanctions resolution.
It will advertise the job again and has set an Aug. 1 deadline for new applications.
The unions face an Aug. 9 deadline for their deal, with an extension possible.
Japan agreed to open up its telecommunications market further to foreign companies, meeting an Aug. 1 deadline for possible American retaliation.
It faces an Aug. 20 deadline in talks with its mechanics' union, after which they could walk off the job.
It is not clear how many families will leave before the Aug. 17 deadline set by the government.