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 ended June 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 August 17, 2001 the registrant
had 11,310,000 shares of Common Stock outstanding.
<PAGE>

                            JAGUAR INVESTMENTS, INC.

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

                                      Index                                Page
                                                                          Number

PART I   FINANCIAL INFORMATION

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

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

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

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

         Notes to Unaudited Financial Statements                               8

Item 2   Management's Discussion and Analysis or Plan of Operation            11

PART II

Item 1   Legal Proceedings                                                    12
Item 2   Changes in Securities                                                12
Item 3   Defaults Upon Senior Securities                                      12
Item 4   Submission of Matters to a Vote of Security Holders                  12
Item 5   Other Information                                                    13
Item 6   Exhibits and Reports on Form 8 - K                                   13


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

                                       2
<PAGE>
<TABLE>
<CAPTION>

                            JAGUAR INVESTMENTS, INC.
                          (A Development Stage Company)
                                 Balance Sheets

                                     ASSETS
                                     ------

                                                                            June 30,           December 31,
                                                                              2001                2000
                                                                          --------------      --------------
                                                                           (Unaudited)
<S>                                                                       <C>                 <C>
CURRENT ASSETS

   Cash                                                                   $          -        $          -
                                                                          --------------      --------------
     Total Current Assets                                                            -                   -
                                                                          --------------      --------------
     TOTAL ASSETS                                                         $          -        $          -
                                                                          ==============      ==============


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

CURRENT LIABILITIES

   Accounts payable                                                       $       26,649      $          900
                                                                          --------------      --------------
     Total Current Liabilities                                                    26,649                 900
                                                                          --------------      --------------
     TOTAL LIABILITIES                                                            26,649                 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                                                     15,647              13,537
   Deficit accumulated during the development stage                              (53,606)            (25,747)
                                                                          --------------      --------------
     Total Stockholders Equity (Deficit)                                         (26,649)               (900)
                                                                          --------------      --------------

     TOTAL LIABILITIES AND STOCKHOLDERS'
      EQUITY (DEFICIT)                                                    $          -        $          -
                                                                          ==============      ==============

</TABLE>

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

                                       3
<PAGE>
<TABLE>
<CAPTION>


                            JAGUAR INVESTMENTS, INC.
                          (A Development Stage Company)
                            Statements of Operations
                                   (Unaudited)



                                                                                                   From
                                             For the                     For the               Inception on
                                         Three Months Ended           Six Months Ended          October 28,
                                            June 30,                     June 30,              1987 Through
                                  ---------------------------   ---------------------------      June 30,
                                      2001            2000          2001         2000              2001
                                  ------------   ------------   ------------   ------------   ------------
<S>                               <C>            <C>            <C>            <C>            <C>
REVENUES                          $        -     $        -     $        -     $        -     $        -

EXPENSES                                25,847            -           27,859            -           53,606
                                  ------------   ------------   ------------   ------------   ------------

NET LOSS                          $    (25,847)  $        -     $    (27,859)  $        -     $    (53,606)
                                  ============   ============   ============   ============   ============

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


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


                                       4
<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)
                                            --------------      --------------      --------------      --------------

Balance, December 31, 1997                       1,310,000      $        1,310      $        2,620      $       (1,265)
                                            --------------      --------------      --------------      --------------

</TABLE>

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

                                       5
<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)                        -                   -                 2,110                 -

Net loss for the six months ended
 June 30, 2001 (unaudited)                             -                   -                   -               (27,859)
                                            --------------      --------------      --------------      --------------

Balance, June 30, 2001 (unaudited)              11,310,000      $       11,310      $       15,647      $      (53,606)
                                            ==============      ==============      ==============      ==============
</TABLE>

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

                                       6
<PAGE>
<TABLE>
<CAPTION>

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


                                                                                                        From
                                                                                                Inception on
                                                          For the Six Months Ended               October 28,
                                                                   June 30,                     1987 Through
                                                      ----------------------------------            June 30,
                                                            2001                2000                    2001
                                                      --------------      --------------      --------------
<S>                                                   <C>                 <C>                 <C>
CASH FLOWS FROM OPERATING
 ACTIVITIES

   Net loss                                           $      (27,859)     $          -        $      (53,606)
   Adjustments to reconcile net loss to
    net cash used by operating activities:
     Stock issued for services                                   -                   -                   270
   Changes in operating assets and liabilities:
     Increase (decrease) in accounts payable                  25,749                 -                26,649
                                                      --------------      --------------      --------------

     Net Cash Used by Operating Activities                    (2,110)                -               (26,687)
                                                      --------------      --------------      --------------

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

   Contribution of capital by shareholder                      2,110                 -                12,787
   Issuance of common stock for cash                             -                   -                13,900
                                                      --------------      --------------      --------------

     Net Cash Provided by Financing Activities                 2,110                 -                26,687
                                                      --------------      --------------      --------------

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>

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

                                       7
<PAGE>

                            JAGUAR INVESTMENTS, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                       June 30, 2001 and December 31, 2000


NOTE 1 - ORGANIZATION AND HISTORY

         The Company was incorporated on October 28, 1987 under the laws of the
         State of Nevada. The Company currently has no operations and is
         considered a development stage company which is seeking a merger or
         acquisition by an operating company.

         Shareholders contributed $2,110 to the Company during the six months
         ended June 30, 2001 to pay for operating expenses.

         a. Accounting Method

         The Company's financial statements are prepared using the accrual
         method of accounting. The Company has elected a calendar year end.

         b. Cash and Cash Equivalents

         Cash equivalents include short-term, highly liquid investments with
         maturities of three months or less at the time of acquisition.

         c. Basic Loss Per Share

                                   For the Six Months Ended
                                          June 30, 2001
              ------------------------------------------------------------
                   Loss                 Shares             Per Share
                  (Numerator)          (Denominator)       Amount
                  -----------          -------------       ---------

              $         (27,859)          11,310,000     $           (0.00)
              =================     ================     =================


                                   For the Six Months Ended
                                          June 30, 2000
              ------------------------------------------------------------
                   Loss                 Shares             Per Share
                  (Numerator)          (Denominator)       Amount
                  -----------          -------------       ---------

              $           (0.00)          11,310,000     $           (0.00)
              =================     ================     =================

              The computations of basic loss per share of common stock are based
              on the weighted average number of shares outstanding during the
              period of the financial statements.


                                       8

<PAGE>


                            JAGUAR INVESTMENTS, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                      June 30, 2001 and December 31, 2000


NOTE 1 - ORGANIZATION AND HISTORY (Continued)

         d. Provision for Taxes

         At December 31, 2000, the Company had net operating loss carryforwards
         of approximately $25,000 that may be offset against future taxable
         income through 2020. No tax benefits has been reported in the financial
         statements, because the potential tax benefits of the net operating
         loss carry forwards are offset by a valuation allowance of the same
         amount.

         e. Estimates

         The preparation of financial statements in conformity with generally
         accepted accounting principles requires management to make estimates
         and assumptions that affect the reported amounts of assets and
         liabilities and disclosure of contingent assets and liabilities at the
         date of the financial statements and the reported amounts of revenues
         and expenses during the reporting period. Actual results could differ
         from those estimates.

         f. Revenue Recognition

         The Company currently has no source of revenues. Revenue recognition
         policies will be determined when principal operations begin.

         g. Unaudited Financial Statements

         The accompanying unaudited financial statements include all of the
         adjustments which, in the opinion of management, are necessary for a
         fair presentation. Such adjustments are of a normal recurring nature.

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.

                                       9
<PAGE>
                            JAGUAR INVESTMENTS, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                       June 30, 2001 and December 31, 2000

NOTE 3 - RELATED PARTY TRANSACTIONS

         Contributed Capital
         -------------------

         A prior officer and shareholder contributed $2,200 and $8,477 as cash
         to the Company to pay its operating expenses in 2000 and 1999,
         respectively.

         Canceled Shares
         ---------------

         Officers of the Company returned 80,000 shares of its common stock for
         cancellation in 1999.

NOTE 4 - LETTER OF INTENT

         On May 24, 2001, the Company entered into a non-binding letter of
         intent to acquire 100% of the outstanding shares of Premier Sports
         Media and Entertainment Group, Inc. in exchange for shares of the
         Company's common stock. The letter of intent, as extended, will expire
         on September 1, 2001.


                                       10
<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, on May 24, 2001, the
Company entered into a non-binding Letter of Intent to acquire100% of the issued
and outstanding shares of Premier Sports Media and Entertainment Group, Inc.
"Premier") in exchange for 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 Letter of Intent was due to expire on august
1, 2001, was extended until August 17, 2001 and has been extended again until
September 1, 2001. There can be no assurance that a definitive agreement will be
executed or, even if executed, that the conditions precedent to closing will be
fulfilled, nor can there be any assurance that if the acquisition of Premier is
not consummated, 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 June 30, 2001 and August 17, 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.

         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

                                       11
<PAGE>

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.


         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.


                                     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

                                       12
<PAGE>

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: August 17, 2001                       By: /s/ IAN RICE
                                                --------------------------------
                                                Ian Rice
                                                President and Chief Executive
                                                Officer




                                       13