Man Utd shares rise after analyst assesses valuations based on offers for Chelsea

Manchester United's midfielder Paul Pogba and striker Cristiano Ronaldo at the final whistle in the Champions League round of 16 second leg match between Manchester United and Atletico Madrid at Old Trafford last week.

Manchester United shares jumped yesterday after Deutsche Bank said bids for rival Chelsea  highlight upside for the valuation of the Manchester club. 

“We view Man U as more valuable than Chelsea”, analyst Connor Murphy wrote in a note to clients, and that Manchester United have outperformed Chelsea on a revenue and operating profit basis over the past three years. The shares rose as much as 6.7% in New York trade.