SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

(MARK ONE)

[X]    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

                   For the quarterly period September 30, 2001

                                       Or

[ ]    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

              For the transition period from ________ to _________

                         COMMISSION FILE NUMBER: 0-25753

                            JAGUAR INVESTMENTS, INC.
        -----------------------------------------------------------------
        (Exact name of Small Business Issuer as Specified in its Charter)


             NEVADA                                               87-0449667
---------------------------------                            -------------------
  (State or Other Jurisdiction                                  (IRS Employer
of Incorporation or Organization)                            Identification No.)

               7025 E. First Avenue, Suite 5, Scottsdale, AZ 85251
               ---------------------------------------------------
                    (Address of Principal Executive Offices)

        Registrant's Telephone Number. Including Area Code (480) 945-2232

         Check whether the issuer (1) has filed all reports required to be filed
by Section 13 or 15(d) of The Securities Exchange Act of 1934 during the
preceding 12 months (or for such shorter period that the registrant was required
to file such reports), and (2) has been subject to such filing requirements for
the past 90 days.

                                 Yes [X] No [ ]

State the number of shares outstanding of each of the issuer's classes of common
equity as of the latest practicable date: As of November 8, 2001, the registrant
had 11,410,000 shares of Common Stock outstanding.
<PAGE>

                            JAGUAR INVESTMENTS, INC.

                                   FORM 10-QSB
                    For the Quarter Ended September 30, 2001


                                      Index                                Page
                                                                          Number

PART I   FINANCIAL INFORMATION

Item 1   Balance Sheets at September 30, 2001 and December 31, 2000
         (unaudited for September 30, 2001 period) ......................    3

         Statements of Operations for the three months ended
         September 30, 2001 and 2000, the nine months ended
         September 30, 2001 and 2000 and from inception through
         September 30, 2001 (unaudited) .................................    4

         Statements of Stockholders' Equity (Deficit) from inception
         to September 30, 2001 (unaudited) ..............................    5

         Statements of Cash Flows for the nine months ended
         September 30, 2001 and 2000 and from inception through
         September 30, 2001 (unaudited) .................................    7

         Notes to Financial Statements ..................................    8

Item 2   Management's Discussion and Analysis or Plan of Operation ......    9

PART II

Item 1   Legal Proceedings ..............................................   11
Item 2   Changes in Securities ..........................................   11
Item 3   Defaults Upon Senior Securities ................................   11
Item 4   Submission of Matters to a Vote of Security Holders ............   11
Item 5   Other Information ..............................................   11
Item 6   Exhibits and Reports on Form 8 - K .............................   11
<PAGE>

<TABLE>
<CAPTION>
                            JAGUAR INVESTMENTS, INC.
                          (A Development Stage Company)
                                 Balance Sheets


                                     ASSETS
                                     ------

                                                                September 30,   December 31,
                                                                    2001            2000
                                                                -------------   ------------
                                                                 (Unaudited)
CURRENT ASSETS

<S>                                                               <C>             <C>
   Cash                                                           $     --        $     --
                                                                  --------        --------

      Total Current Assets                                              --              --
                                                                  --------        --------

      TOTAL ASSETS                                                $     --        $     --
                                                                  ========        ========

                 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
                 ----------------------------------------------

CURRENT LIABILITIES

   Accounts payable                                               $ 25,562        $    900
                                                                  --------        --------

      Total Current Liabilities                                     25,562             900
                                                                  --------        --------

      TOTAL LIABILITIES                                             25,562             900
                                                                  --------        --------

STOCKHOLDERS' EQUITY (DEFICIT)

   Preferred stock, 1,000,000 shares authorized,
     no shares issued or outstanding                                    --              --
   Common stock: 100,000,000 shares authorized
     of $0.001 par value, 11,310,000 shares issued
     and outstanding                                                11,310          11,310
   Additional paid-in capital                                       17,645          13,537
   Deficit accumulated during the development stage                (54,517)        (25,747)
                                                                  --------        --------

      Total Stockholders Equity (Deficit)                          (25,562)           (900)
                                                                  --------        --------

      TOTAL LIABILITIES AND STOCKHOLDERS'
        EQUITY (DEFICIT)                                          $     --        $     --
                                                                  ========        ========
</TABLE>


                                       3

   The accompanying notes are an integral part of these financial statements.
<PAGE>

<TABLE>
<CAPTION>
                            JAGUAR INVESTMENTS, INC.
                          (A Development Stage Company)
                            Statements of Operations
                                   (Unaudited)


                                                                                               From
                                      For the                        For the               Inception on
                                Three Months Ended              Nine Months Ended          October 28,
                                   September 30,                  September 30,            1987 Through
                           ----------------------------    ----------------------------    September 30
                               2001            2000            2001            2000            2001
                           ------------    ------------    ------------    ------------    ------------

<S>                        <C>             <C>             <C>             <C>             <C>
REVENUES                   $         --    $         --    $         --    $         --    $         --

EXPENSES                            911           1,400          28,770           1,400          54,517
                           ------------    ------------    ------------    ------------    ------------

NET LOSS                   $       (911)   $     (1,400)   $    (28,770)   $     (1,400)   $    (54,517)
                           ============    ============    ============    ============    ============

BASIC NET LOSS PER SHARE   $      (0.00)   $      (0.00)   $      (0.00)   $      (0.00)
                           ============    ============    ============    ============

WEIGHTED AVERAGE
  NUMBER OF SHARES
  OUTSTANDING                11,310,000       1,310,000      11,310,000       1,310,000
                           ============    ============    ============    ============
</TABLE>


                                       4

   The accompanying notes are an integral part of these financial statements.
<PAGE>

<TABLE>
<CAPTION>
                            JAGUAR INVESTMENTS, INC.
                          (A Development Stage Company)
                  Statements of Stockholders' Equity (Deficit)


                                                                                         Deficit
                                                                                       Accumulated
                                               Common Stock             Additional     During the
                                          --------------------------      Paid-In      Development
                                            Shares         Amount         Capital         Stage
                                          -----------    -----------    -----------    -----------

<S>                                        <C>            <C>            <C>            <C>
At inception on October 28, 1987                  --      $      --      $      --      $      --

Common stock issued for cash,
 July 29, 1988, $0.003 per share             300,000            300            600             --

Common stock issued for cash,
 February 10, 1989, $0.003 per share         420,000            420            840             --

Common stock issued to Directors
 for services, July 27, 1990, $0.003
 per share                                     2,000              2              4             --

Common stock issued for cash,
 March 15, 1991, $0.003 per share            350,000            350            700             --

Common stock issued to Directors
 for services, July 26, 1991, $0.003
 per share                                     2,500              2              5             --

Common stock issued for cash,
 May 8, 1992, $0.003 per share               230,000            230            460             --

Common stock issued for services,
 July 17, 1992, $0.003 per share               3,500              4              7             --

Common stock issued to Directors
 for services, July 16, 1993, $0.003
 per share                                     2,000              2              4             --

Net loss for the cumulative period
 October 28, 1987 through December
 31, 1996                                         --             --             --         (1,180)
                                           ---------      ---------      ---------      ---------

Balance, December 31, 1996                 1,310,000          1,310          2,620         (1,180)

Net loss for the year ended
 December 31, 1997                                --             --             --            (85)
                                           ---------      ---------      ---------      ---------
</TABLE>


                                       5

   The accompanying notes are an integral part of these financial statements.
<PAGE>

<TABLE>
<CAPTION>
                            JAGUAR INVESTMENTS, INC.
                          (A Development Stage Company)
            Statements of Stockholders' Equity (Deficit) (Continued)


                                                                                         Deficit
                                                                                       Accumulated
                                               Common Stock             Additional     During the
                                          --------------------------      Paid-In      Development
                                            Shares         Amount         Capital         Stage
                                          -----------    -----------    -----------    -----------

<S>                                        <C>           <C>            <C>            <C>
Balance, December 31, 1997                  1,310,000    $     1,310    $     2,620    $    (1,265)

Common stock issued for services,
 October 23, 1998, $0.003 per share            80,000             80            160             --

Net loss for the year ended
 December 31, 1998                                 --             --             --           (365)
                                          -----------    -----------    -----------    -----------

Balance, December 31, 1998                  1,390,000          1,390          2,780         (1,630)

Contributed capital                                --             --          8,477             --

Cancellation of shares                        (80,000)           (80)            80             --

Net loss for the year ended
  December 31, 1999                                --             --             --        (11,769)
                                          -----------    -----------    -----------    -----------

Balance, December 31, 1999                  1,310,000          1,310         11,337        (13,399)

Common stock issued for cash,
 December 14, 2000, $0.001 per
 share                                     10,000,000         10,000             --             --

Contributed capital                                --             --          2,200             --

Net loss for the year ended
 December 31, 2000                                 --             --             --        (12,348)
                                          -----------    -----------    -----------    -----------

Balance, December 31, 2000                 11,310,000         11,310         13,537        (25,747)

Contributed capital (unaudited)                    --             --          4,108             --

Net loss for the nine months ended
 September 30, 2001 (unaudited)                    --             --             --        (29,290)
                                          -----------    -----------    -----------    -----------

Balance, September 30, 2001 (unaudited)    11,310,000    $    11,310    $    17,645    $   (55,037)
                                          ===========    ===========    ===========    ===========
</TABLE>


                                        6

   The accompanying notes are an integral part of these financial statements.
<PAGE>

<TABLE>
<CAPTION>
                            JAGUAR INVESTMENTS, INC.
                          (A Development Stage Company)
                            Statements of Cash Flows
                                   (Unaudited)


                                                                                         From
                                                                                     Inception on
                                                   For the Nine Months Ended          October 28
                                                         September 30,               1987 Through
                                                   -------------------------         September 30,
                                                     2001             2000               2001
                                                   --------         --------         -------------

CASH FLOWS FROM OPERATING ACTIVITIES

<S>                                                <C>              <C>                <C>
   Net loss                                        $(29,290)        $ (1,400)          $(55,037)
   Adjustments to reconcile net loss to
     net cash used by operating activities:
       Stock issued for services                         --               --                270
   Changes in operating assets and liabilities:
       Increase in accounts payable                  24,662               --             25,562
                                                   --------         --------           --------

       Net Cash Used by Operating Activities         (4,628)          (1,400)           (29,205)
                                                   --------         --------           --------

CASH FLOWS FROM INVESTING ACTIVITIES                     --               --                 --
                                                   --------         --------           --------

CASH FLOWS FROM FINANCING ACTIVITIES

   Contribution of capital by shareholder             4,628            1,400             15,305
   Issuance of common stock for cash                     --               --             13,900
                                                   --------         --------           --------

       Net Cash Provided by Financing Activities      4,628            1,400             29,205
                                                   --------         --------           --------

NET INCREASE (DECREASE) IN CASH                          --               --                 --

CASH AT BEGINNING OF PERIOD                              --               48                 --
                                                   --------         --------           --------

CASH AT END OF PERIOD                              $     --         $     48           $     --
                                                   ========         ========           ========

CASH PAID FOR:

   Interest                                        $     --         $     --           $     --
   Income taxes                                    $     --         $     --           $     --

NON-CASH FINANCING ACTIVITIES

   Common stock issued for services                $     --         $     --           $    270
</TABLE>


                                        7

   The accompanying notes are an integral part of these financial statements.
<PAGE>

                            JAGUAR INVESTMENTS, INC.
                          (A Development Stage Company)

                          Notes to Financial Statements
                               September 30, 2001


NOTE 1 - CONDENSED FINANCIAL STATEMENTS

         The accompanying financial statements have been prepared without audit.
         In the opinion of management, all adjustments (which include only
         normal recurring adjustments) necessary to present fairly the financial
         position, results of operations and cash flows at September 30, 2001
         and 2000 and for all periods presented have been made.

         Certain information and footnote disclosures normally included in
         financial statements prepared in accordance with generally accepted
         accounting principles have been condensed or omitted. It is suggested
         that these condensed financial statements be read in conjunction with
         the financial statements and notes thereto included in the Company's
         December 31, 2000 audited financial statements. The results of
         operations for the periods ended September 30, 2001 and 2000 are not
         necessarily indicative of the operating results for the full year.

NOTE 2 - GOING CONCERN

         The Company's financial statements are prepared using generally
         accepted accounting principles applicable to a going concern which
         contemplates the realization of assets and liquidation of liabilities
         in the normal course of business. However, the Company does not have
         significant cash or other material assets, nor does it have an
         established source of revenues sufficient to cover its operating costs
         and to allow it to continue as a going concern. It is the intent of the
         Company to raise additional capital and seek business opportunities
         that will generate a profit. Until that time, shareholders of the
         Company have committed to meeting its minimal operating needs. In
         September 2001, the Company entered into an agreement to acquire an
         operating company. See Note 3.

NOTE 3 - AGREEMENT AND PLAN OF SHARE EXCHANGE

         Pursuant to an Agreement and Plan of Share Exchange, dated as of
         September 24, 2001, the Company has agreed to acquire all of the issued
         and outstanding capital stock of Premier Sports Media and Entertainment
         Group, Inc., a New York corporation ("Premier"), from the shareholders
         thereof in exchange for an aggregate of 1,000,000 shares of the
         Company's common stock. Premier is a privately owned sports and media
         company that commenced operations in 2001. The closing of the
         transaction is subject to various conditions and was scheduled to occur
         on or before September 9, 2001, but the parties have agreed to extend
         the closing date until November 16, 2001. No assurance can be given
         that the conditions precedent to the closing will be fulfilled or that
         the closing will be effected on or before such date, if at all.

NOTE 4 - SUBSEQUENT EVENT

         In October, 2001, the Company issued 100,000 shares of its common stock
         to various unaffiliated parties in settlement of a dispute regarding
         services rendered by such parties to the Company.

                                       8
<PAGE>

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

         The Company has been inactive since its inception. Accordingly,
management believes that comparison between the results of operations for the
current period and prior periods would not be meaningful.

Plan of Operation

         During the next 12 months, the Company will actively seek out and
investigate possible business opportunities with the intent to acquire or merge
with one or more business ventures. Because the Company lacks funds, it may be
necessary for the Company's sole director and officers to either advance funds
to the Company or to accrue expenses until such time as a successful business
consolidation can be effected. Management intends to hold expenses to a minimum
and to obtain services on a contingency basis when possible. The Company may
also issue options, warrants or shares of its common stock to consultants who
perform services for the Company pursuant to the Company's recently adopted 2001
Employee Stock Compensation Plan. Further, the Company's sole director will
defer any compensation until such time as an acquisition or merger can be
effected and will strive to have the business opportunity provide his
remuneration. However, if the Company engages outside advisors or consultants in
its search for business opportunities, it may be necessary for the Company to
attempt to raise additional funds. As of the date hereof, the Company has not
made any arrangements or definitive agreements to use outside advisors or
consultants or to raise any capital. If the company does need to raise capital,
most likely the only method available to the Company would be the private sale
of its securities. Because of the nature of the Company as a development stage
company, it is unlikely that it could make a public sale of its securities or be
able to borrow any significant sum from either a commercial or private lender.
There can be no assurance that the company will be able to obtain additional
funding when and if needed, or that such funding, if available, can be obtained
on terms acceptable to the Company.

         The Company does not intend to hire any employees, with the possible
exception of part-time clerical assistance on an as-needed basis. Outside
advisors or consultants will be used only if they can be obtained for minimal
cost or on a deferred payment basis or are willing to accept options, warrants
or shares of the Company's common stock as payment. Management is confident that
it will be able to operate in this manner and to continue its search for
business opportunities during the next 12 months.

         In furtherance of the Company's Plan of Operation, the Company has
entered into an Agreement and Plan of Share Exchange, dated as of September 24,
2001, pursuant to which it has agreed to acquire 100% of the issued and
outstanding shares of Premier Sports Media and Entertainment Group, Inc.
("Premier") in exchange for 1,000,000 shares of the Company's common stock.
Based in New York, Premier is a privately owned sports media and entertainment
company that commenced operations in 2001. The closing of the acquisition is
subject to the fulfillment of various conditions and was scheduled to occur on
or before November 9, 2001 but the parties have extended such date until
November 16, 2001. There can be no assurance that the conditions precedent to
closing will be fulfilled or that the closing will be effected on or before such
date, if at all. If the acquisition of Premier is not consummated, there can be
no assurance that the Company will be able to identify any other suitable
acquisition candidate, investment or opportunity, or consummate any other
transaction in furtherance of its Plan of Operations.

Liquidity And Capital Resources

         As of September 30, 2001 and November 8, 2001, the Company had no
liquid assets. The Company has no commitments for any capital expenditure and
foresees none. However, the Company will incur routine fees and expenses
incident to its reporting duties as a public company, and it will incur fees and
expenses if it makes or attempts to make an acquisition. The Company expects no
significant operating costs other than professional fees payable to attorneys
and accountants.

                                       9
<PAGE>

         The Company does not anticipate that funding will be necessary in order
to complete a proposed business combination, except possibly for fees and costs
of the Company's professional advisers. Accordingly, there are no plans to raise
capital to finance any business combination, nor does management believe that
any combination candidate will expect cash from the Company. The Company hopes
to require the candidate companies to deposit with the Company an advance that
the Company can use to defray professional fees and costs and travel, lodging
and other due diligence costs of management. Otherwise, management would have to
advance such costs out of their own pockets, and there is no assurance that they
will advance such costs.

         Other routine expenses, such as making required filings with the SEC
and related expenses will inevitably be incurred. In order to pay these, the
Company will be forced to borrow money or prevail upon existing shareholders to
provide additional capital, whether as a loan or investment, to the Company. It
is by no means certain that existing shareholders will want or be financially
able to do so. There are no plans to sell additional securities of the Company
to raise capital. The Company's failure for any reason to timely file reports
required under the Securities Exchange Act of 1934, as amended, could subject it
to fines and penalties and make it less desirable to a potential combination
candidate. None of these sources of funds is assured and, if no funds can be
raised, the Company may be effectively unable to pursue its business plan.

         The Company's shareholders and management members who advance money to
the Company to cover operating expenses will expect to be reimbursed by the
company acquired, prior to or simultaneously with the completion of a
combination. The Company has no intention of borrowing money to pay any officer,
director or shareholder of the Company or their affiliates.

         Pursuant to an Agreement and Plan of Share Exchange, dated as of
September 24, 2001, the Company has agreed to acquire all of the issued and
outstanding capital stock of Premier Sports Media and Entertainment Group, Inc.,
a New York corporation ("Premier") from the shareholders thereof in exchange for
an aggregate of 1,000,000 shares of the Company's common stock. Premier is a
privately owned sports and media company that commenced operations in 2001. The
closing of the transaction is subject to various conditions and was scheduled to
occur on or before September 9, 2001, but the parties have agreed to extend the
closing date until November 16, 2001. No assurance can be given that the
conditions precedent to the closing will be fulfilled or that the closing will
be effected on or before such date, if at all. The Company expects that all of
its costs and expenses in connection with the Premier transaction will be borne
by Premier, the shareholders thereof and/or management of the Company.

Forward Looking Statements

         This Form 10-QSB and other reports filed by the Company from time to
time with the Securities and Exchange Commission (collectively the "Filings")
contain or may contain forward looking statements and information that are based
upon beliefs of, and information currently available to, the Company's
management as well as estimates and assumptions made by the Company's
management.

         When used in the filings the words "anticipate", "believe", "estimate",
"expect", "future", "intend", "plan" and similar expressions as they relate to
the Company or the Company's management identify forward looking statements.
Such statements reflect the current view of the Company with respect to future
events and are subject to risks, uncertainties and assumptions relating to the
Company's operations and results of operations and any businesses that may be
acquired by the Company. Should one or more of these risks or uncertainties
materialize, or should the underlying assumptions prove incorrect, actual
results may differ significantly from those anticipated, believed, estimated,
intended or planned.

                                       10
<PAGE>

                                     PART II
                                OTHER INFORMATION

Item 1   Legal Proceedings

         None

Item 2   Changes in Securities

         None

Item 3   Defaults Upon Senior Securities

         None

Item 4   Submission of Matters to a Vote of Security Holders

         None

Item 5   Other Information

         None

Item 6   Exhibits and Reports on Form 8-K
         (a)  Exhibits
              None

         (b)  Reports on Form 8-K
              None


                                   SIGNATURES

         In accordance with the requirements of the Securities Exchange Act of
1934 the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.

                                       JAGUAR INVESTMENTS, INC.



Date November 12, 2001                 By: /s/ IAN RICE
                                           -------------------------------------
                                           Ian Rice
                                           President and Chief Executive Officer


                                       11