Shares in Sky and BT have risen today as investors approved of their purchase of broadcasting rights to a string of Premier League football matches.
In total, the media giants stumped up nearly £4.5billion so that BT Sport and Sky Sports will screen the lion's share of 200 games for each season between 2019 to 2022.
After more substantial gains this morning, Sky's share price settled 2.19 per cent up at 1,084.25p, and BT Group up 0.39 per cent at 226.73p.
The sum of money the Premier League raised through the bidding process is less than the £5.