The second, improved offers have been made for Man Utd.
So what happens next?
The merchant bank charged with overseeing the process, Raine Group, will evaluate all the offers alongside the Glazers.
Both parties will then decide the next steps.
They could select a preferred bidder and hand them exclusive negotiating rights. There could even be a third round of bidding.
Another possibility – which may raise some concern among Man Utd fans – is that the Glazers decide to stay in charge, rejecting all offers.
There is likely to be some clarity next week.
