Then surely those reporting it should say that, instead of just saying "one week" every time. They did it in the introductory bid round too. A story will likely come out today that will also say feedback in "one week"
I also doubt they need a whole 2 weeks (or even a week) to give feedback to bids, especially if it's true that the Glazers have a minimum sale price
Assuming that all the parties business proposals are slightly different, Raine's got to analyse the bids and their financial, legal, and operational implications.
But they first need to strategise on the various bids submitted. Then only propose 2nd round winner /exclusive bidder to the Glazers.
If they select the wrong 'exclusive' party for the next round ie the one that is more inflexible price-wise (ie limited financial resources/or just see a much lower financial ceiling to what the Glazers are asking), then Raine is screwed.
They (Raine) cannot afford to fail with the 1st announced exclusive bidder -- then go back to the other party when it fails with the 1st choice.
If you need to go to your 2nd choice later, you will lose an incredible amount of leverage with that 2nd choice for the final round of negotiation.
Therefore, they will have been talking to all main parties even after 2nd round bids have been submitted -- to get a feel of who has more upward price mobility in the next round. It will take a while of going back & forth.
.... unless there is one clear-cut winning proposition that basically gives the Glazers exactly what they want. Then it will be over quickly.