Manchester United bidders must now submit a new offer to buy the club within the next 10 days, Breaking Sport News reports.
On Thursday, Qatari bid officials will arrive at Old Trafford for their presentation and on Friday, Sir Jim Ratcliffe will also take part.
The bidders will meet with people from various departments at the club such as, football, financial and commercial.
They will also take tours of United’s iconic home and training ground, which need significant investment.
Independent assessments of how much investment is required to improve the facilities or build a new stadium would be estimated.
After the proposal, all interested parties will then make their second offers to US bank Raine Group, in charge of the sale process.
Raine will then discuss with the Glazers and decided to accept one of the bids or reject all.
At that stage, the selected buyer will have full access to the club’s accounts and finances.
The Glazers could then try to negotiate and reach an agreement.
Qatari Billionaire Sheikh Jassim bin Hamad al-Thani will not travel to Manchester, his team of lawyers will proceed with the presentation.
Also, Sheikh Jassim wants to completely buy the club from the Glazers.
However, Ratciffe wants to buy only the Glazer family’s 69 per cent stake in the club.
Aside from a full takeover, the Glazers could consider a partial investment.
Following the presentations, those involved will have 10 days to make new offers that should place them in a good position.