The future of Team Sky is in doubt after its owner and sponsor confirmed withdrawal.
Comcast beat Rupert Murdoch’s Twenty-First Century Fox in the battle for Sky.
Twenty-First Century Fox Inc has triggered a 46 day deadline to raise its bid for Sky.
Team Sky chief Dave Brailsford hit out at organisers for failing to stop “intimidating” abuse of his riders and staff.
Sky’s shares rose to as high as 15.41 pounds and were trading at 15.34 pounds.
Rupert Murdoch’s 21st Century Fox has agreed a deal to buy Britain’s Sky with an offer valuing the pay-TV group at $32.5 billion, trumping rival bidder Comcast.