But Oyston says he prefers to focus on success in the Championship.
"It's perhaps caught the imagination," Oyston concedes. "But it's not the big event people are billing it as."
Fleetwood, who are second in the Blue Square Bet Premier,
beat Yeovil 2-0 in an FA Cup second-round replay
in December to set up a tie with the Tangerines, who lie just outside the Championship play-off places, having been relegated from the Premier League on the final day of last season.
After the win over Yeovil, Fleetwood chairman Andy Pilley called the Blackpool tie "the game of the decades" for his club.
"Genuinely, hand on heart, we would prefer Blackpool at home to Manchester United, Manchester City, Tottenham, Liverpool, anybody," Pilley added.
"The hysteria this tie will cause for the next few weeks will be absolutely immense."
But Pilley's Blackpool counterpart Oyston is less enthused by the draw, and told BBC Radio Lancashire: "It's a competition that neither club will win, without being defeatist.
“If we had drawn Manchester United or Manchester City that would have been exciting but a Conference club isn't wonderful”
Karl OystonBlackpool chairman
"I've got tickets for Saturday, but I'm passing them on to other members of the family. I'm going to stay away.
"I'll be monitoring the progress from afar, but I think it's more important that people go who really want to go and are excited by it."
Oyston, who has been in charge at Bloomfield Road since 1999, then
expanded on the club website
: "If we had drawn Manchester United or Manchester City that would have been exciting, but a Conference club isn't wonderful."
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