<PAGE>  1

                       SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C.  20549

                                   FORM 10-Q

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

                    FOR THE QUARTER ENDED SEPTEMBER 30, 2000


                        Commission file number: 0-19298


                              RIDDELL SPORTS INC.
             (Exact name of registrant as specified in its charter)


               DELAWARE                             22-2890400
   (State or other jurisdiction of               (I.R.S. Employer
    incorporation or organization)              Identification No.)


                1450 Broadway, Suite 2001,  New York, NY, 10018
              (Address of principal executive offices)  (Zip code)

                                 (212) 921-8101
              (Registrant's telephone number, including area code)


                                 Not Applicable
            (Former name, former address and former fiscal year, if
                           changed since last report)



Indicate by check mark whether the registrant (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 [   ]


Indicate the number of shares outstanding of each of the registrant's classes
of common stock, as of the latest practicable date.

                9,452,250 Common Shares as of November 13, 2000


                                       1

<PAGE>  2

                              RIDDELL SPORTS INC.

                                     INDEX

                                                                         Page

   Form 10-Q  Cover Page  . . . . . . . . . . . . . . . . . . . . . . . .  1
   Form 10-Q  Index . . . . . . . . . . . . . . . . . . . . . . . . . . .  2
   Part I.  Financial Information:
     Item 1.   Financial Statements:
             Condensed Consolidated Balance Sheets  . . . . . . . . . . .  3
             Condensed Consolidated Statements of Operations  . . . . . .  4
             Condensed Consolidated Statements of Stockholders' Equity  .  5
             Condensed Consolidated Statements of Cash Flows  . . . . . .  6
             Notes to Condensed Consolidated Financial Statements . . . .  7
     Item 2.  Management's Discussion and Analysis of
            Financial Condition and Results of Operations . . . . . . . . 10
   Part II.   Other Information:
     Item 1.  Legal Proceedings . . . . . . . . . . . . . . . . . . . . . 14
     Item 2.  Changes in Securities . . . . . . . . . . . . . . . . . . . 14
     Item 3.  Defaults upon Senior Securities . . . . . . . . . . . . . . 14
     Item 4.  Submission of Matters to a Vote of Security Holders . . . . 14
     Item 5.  Other Information . . . . . . . . . . . . . . . . . . . . . 14
     Item 6.  Exhibits and Reports on Form 8-K  . . . . . . . . . . . . . 14
   Signatures     . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15



SPECIAL CAUTIONARY NOTICE REGARDING FORWARD-LOOKING STATEMENTS

   This Report contains certain statements which are "forward-looking"
statements under the federal securities laws that are based on the beliefs of
management as well as assumptions made by and information currently available
to management.  Forward-looking statements appear in Note 5 of Notes to
Condensed Consolidated Financial Statements and throughout Item 2 of Part I,
"Management's Discussion and Analysis of Financial Condition and Results of
Operations" concerning Riddell's determination of product liability reserves,
the seasonal patterns of working capital and  revenue and operating results in
its business.  Certain factors could cause actual results to differ materially
from those forward-looking statements including without limitation, (i)
continuation of historical patterns of demand for Riddell's products and
Riddell's ability to meet the demand; (ii) actions by competitors, including
without limitation new product introductions; (iii) the loss of domestic or
foreign suppliers; (iv) changes in business strategy or new product lines and
Riddell's ability to successfully implement same; (v) the outcome of pending
product liability claims and potential future claims; and  (vi) changes in
interest rates and general economic conditions.  Riddell does not intend to
update these forward-looking statements.



                                       2

<PAGE>  3

Part 1.    FINANCIAL INFORMATION; Item 1.  FINANCIAL STATEMENTS
<TABLE>
<CAPTIONS>
                                                 RIDDELL SPORTS INC. AND SUBSIDIARIES
                                                 CONDENSED CONSOLIDATED BALANCE SHEETS
                                                              (Unaudited)
                                                            (In thousands)

                                                                September 30,    December 31,    September 30,
                                                                    2000            1999            1999
                                                                 ---------       ---------       ---------
<S>                                                              <C>             <C>             <C>
                                                                ASSETS
Current assets:
  Cash      . . . . . . . . . . . . . . . . . . . . . . . . . .     $1,649            $513          $  368
  Accounts receivable, trade, less allowance for doubtful
    accounts ($1,620, $1,863 and $1,619 respectively)   . . . .     63,387          32,524          56,064
  Inventories   . . . . . . . . . . . . . . . . . . . . . . . .     33,391          33,388          30,356
  Prepaid expenses  . . . . . . . . . . . . . . . . . . . . . .      4,468           7,578           4,435
  Other receivables   . . . . . . . . . . . . . . . . . . . . .      1,764           2,020           1,612
  Deferred taxes  . . . . . . . . . . . . . . . . . . . . . . .      2,076           2,076             271
                                                                 ---------       ---------       ---------
           Total current assets . . . . . . . . . . . . . . . .    106,735          78,099          93,106
Property, plant and equipment, less accumulated
  depreciation ($11,869, $9,723 and $9,086 respectively)  . . .      8,213           7,771           8,095
Intangibles and deferred charges, less accumulated
  amortization ($20,974, $17,893 and $16,903 respectively)  . .    103,197         105,952         106,674
Other assets  . . . . . . . . . . . . . . . . . . . . . . . . .      3,107           2,514           2,425
                                                                 ---------       ---------       ---------
                                                                  $221,252        $194,336       $ 210,300
                                                                 =========       =========       =========

                                                 LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
  Accounts payable  . . . . . . . . . . . . . . . . . . . . . .    $16,519         $10,318        $ 14,224
  Accrued liabilities   . . . . . . . . . . . . . . . . . . . .     10,854          11,783          10,876
  Customer deposits   . . . . . . . . . . . . . . . . . . . . .      3,299           6,090           2,896
                                                                 ---------       ---------       ---------
           Total current liabilities  . . . . . . . . . . . . .     30,672          28,191          27,996

Long-term debt  . . . . . . . . . . . . . . . . . . . . . . . .    150,339         136,097         145,144
Deferred taxes  . . . . . . . . . . . . . . . . . . . . . . . .      2,076           2,076             271
Other liabilities . . . . . . . . . . . . . . . . . . . . . . .      3,040           3,107           3,254
Contingent liabilities (Note 6) . . . . . . . . . . . . . . . .          -               -              -

Stockholders' equity
  Preferred stock   . . . . . . . . . . . . . . . . . . . . . .          -               -               -
  Common stock  . . . . . . . . . . . . . . . . . . . . . . . .         95              93              93
  Additional paid in capital  . . . . . . . . . . . . . . . . .     37,306          36,862          36,849
  Accumulated deficit   . . . . . . . . . . . . . . . . . . . .     (2,276)        (12,090)         (3,307)
                                                                 ---------       ---------       ---------
                                                                    35,125          24,865          33,635
                                                                 ---------       ---------       ---------
                                                                  $221,252        $194,336       $ 210,300
                                                                 =========       =========       =========

                   See notes to condensed consolidated financial statements.

</TABLE>



                                                                  3

<PAGE>  4

<TABLE>
<CAPTIONS>
                                                 RIDDELL SPORTS INC. AND SUBSIDIARIES
                                            CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                                              (Unaudited)
                                               (In thousands, except per share amounts)


                                                     Three Months Ended              Nine Months Ended
                                                       September  30,                  September  30,
                                                  -------------------------      -------------------------
                                                    2000           1999             2000           1999
                                                  ---------      ---------        ---------      ---------
<S>                                               <C>           <C>               <C>            <C>

Net revenues:
   Net sales, products and reconditioning   .       $61,586        $56,253         $150,110       $132,767
   Camps and events   . . . . . . . . . . . .        26,282         23,546           51,477         46,219
   Royalty income   . . . . . . . . . . . . .           312            166              892            764
                                                  ---------      ---------        ---------      ---------
                                                     88,180         79,965          202,479        179,750
                                                  ---------      ---------        ---------      ---------
Cost of revenues:
   Products and reconditioning  . . . . . . .        34,528         30,609           84,483         72,993
   Camps and events   . . . . . . . . . . . .        17,965         16,445           35,122         31,976
                                                  ---------      ---------        ---------      ---------
Cost of sales . . . . . . . . . . . . . . . .        52,493         47,054          119,605        104,969
                                                  ---------      ---------        ---------      ---------
Gross profit  . . . . . . . . . . . . . . . .        35,687         32,911           82,874         74,781
Selling, general and
  administrative expenses . . . . . . . . . .        21,314         18,909           60,571         54,024
                                                  ---------      ---------        ---------      ---------
Income from operations  . . . . . . . . . . .        14,373         14,002           22,303         20,757
Interest expense  . . . . . . . . . . . . . .         4,281          3,923           12,489         11,668
                                                  ---------      ---------        ---------      ---------
Income before taxes . . . . . . . . . . . . .        10,092         10,079            9,814          9,089
Income taxes  . . . . . . . . . . . . . . . .             -            905                -            905
                                                  ---------      ---------        ---------      ---------
Net income  . . . . . . . . . . . . . . . . .       $10,092        $ 9,174           $9,814        $ 8,184
                                                  =========      =========        =========      =========

Net earnings per share :
       Basic  . . . . . . . . . . . . . . . .         $1.07          $0.99            $1.05          $0.88
       Diluted  . . . . . . . . . . . . . . .         $0.92          $0.86            $0.93          $0.78

Weighted average number of common and
  common equivalent shares outstanding:
       Basic  . . . . . . . . . . . . . . . .         9,449          9,259            9,369          9,259
       Diluted  . . . . . . . . . . . . . . .        11,111         10,745           10,852         10,862


                   See notes to condensed consolidated financial statements.

</TABLE>




                                                                  4

<PAGE>  5

<TABLE>
<CAPTIONS>
                                                 RIDDELL SPORTS INC. AND SUBSIDIARIES
                                       CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
                                                              (Unaudited)
                                                            (In thousands)


                                                                                 Retained
                                           Common Stock        Additional        earnings           Total
                                     ---------------------       paid in       (Accumulated     Stockholders'
                                      Shares        Amount       capital          deficit)         equity
                                     --------    --------      -----------      ----------       ----------
<S>                                   <C>         <C>           <C>             <C>               <C>
For the nine months ended September 30, 1999:

  Balance, January 1, 1999  . . . .      9,259       $ 93         $ 36,849        ($11,491)        $ 25,451
    Net income for the period   . .          -          -                -           8,184            8,184
                                     --------    --------      -----------      ----------       ----------

  Balance, September 30, 1999   . .      9,259       $ 93          $36,849         ($3,307)         $33,635
                                     ========    ========      ===========      ==========       ==========


For the nine months ended September 30, 2000:

  Balance, January 1, 2000    . . .      9,263       $ 93         $ 36,862       ($ 12,090)        $ 24,865
    Stock issued to employees   . .         54          -              169               -              169
    Issuance of common stock upon
       exercise of stock options  .        135          2              275               -              277
    Net income for the period   . .          -          -                -           9,814            9,814
                                     --------    --------      -----------      ----------       ----------

  Balance, September 30, 2000   . .      9,452       $ 95         $ 37,306        ($ 2,276)        $ 35,125
                                     ========    ========      ===========      ==========       ==========




                   See notes to condensed consolidated financial statements.
</TABLE>




                                                                  5

<PAGE>  6

<TABLE>
<CAPTIONS>
                                                 RIDDELL SPORTS INC. AND SUBSIDIARIES
                                            CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                                              (Unaudited)
                                                            (In thousands)

                                                        Three Months Ended              Nine Months Ended
                                                          September  30,                  September 30,
                                                     -------------------------      -------------------------
                                                       2000           1999             2000           1999
                                                       ---------      ---------        ---------    ---------
<S>                                                   <C>            <C>              <C>           <C>
Cash flows from operating activities:
   Net income   . . . . . . . . . . . . . . . . .        $10,092         $9,174           $9,814       $8,184
   Adjustments to reconcile net income
     to net cash used in operating activities:
     Depreciation and amortization:
       Amortization of debt issue costs   . . . .            216            223              648          633
       Other depreciation and amortization  . . .          1,589          1,468            4,579        4,285
     Provision for losses on accounts receivable             459            277              959          718
     Deferred taxes   . . . . . . . . . . . . . .              -            905                -          905
     Changes in assets and liabilities:
       (Increase) decrease in:
          Accounts receivable, trade  . . . . . .          4,363          2,959          (31,822)     (28,766)
          Inventories . . . . . . . . . . . . . .          7,975          7,909               20       (1,593)
          Prepaid expenses  . . . . . . . . . . .          2,269          3,183            3,118        2,058
          Other receivables . . . . . . . . . . .             69              2              256           32
          Other assets  . . . . . . . . . . . . .            175             98             (593)        (741)
       Increase (decrease) in:
          Accounts payable  . . . . . . . . . . .         (3,883)        (2,776)           6,171        1,480
          Accrued liabilities . . . . . . . . . .         (2,237)        (2,248)            (773)        (377)
          Customer deposits . . . . . . . . . . .        (11,396)        (7,449)          (2,836)      (3,065)
          Other liabilities   . . . . . . . . . .            (40)             -              (67)        (300)
                                                       ---------      ---------        ---------    ---------
            Net cash provided by (used in)
               operating activities . . . . . . .          9,651         13,725          (10,526)     (16,547)
                                                       ---------      ---------        ---------    ---------

Cash flows from investing activities:
   Capital expenditures   . . . . . . . . . . . .           (554)          (601)          (2,438)      (2,097)
   Other      . . . . . . . . . . . . . . . . . .            (43)             -             (419)        (419)
                                                       ---------      ---------        ---------    ---------
           Net cash used in investing activities            (597)          (601)          (2,857)      (2,516)
                                                       ---------      ---------        ---------    ---------

Cash flows from financing activities:
   Net borrowings (repayments) under
     line-of-credit agreement   . . . . . . . . .         (8,870)       (14,321)          14,242       18,244
   Debt issue costs   . . . . . . . . . . . . . .              -            (33)               -         (565)
   Proceeds from issuance of common stock   . . .             21              -              277            -
                                                       ---------      ---------        ---------    ---------
          Net cash provided by financing activities       (8,849)       (14,354)          14,519       17,679
                                                       ---------      ---------        ---------    ---------

Net increase (decrease) in cash   . . . . . . . .            205         (1,230)           1,136       (1,384)
Cash, beginning . . . . . . . . . . . . . . . . .          1,444          1,598              513        1,752
                                                       ---------      ---------        ---------    ---------
Cash, end     . . . . . . . . . . . . . . . . . .         $1,649           $368           $1,649         $368
                                                       =========      =========        =========    =========


                   See notes to condensed consolidated financial statements.
</TABLE>



                                                                  6

<PAGE>  7

                      RIDDELL SPORTS INC. AND SUBSIDIARIES
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS



1.   Basis of presentation

     The condensed consolidated financial statements include the accounts of
Riddell Sports Inc. and its wholly-owned subsidiaries.  All significant
intercompany accounts and transactions have been eliminated.  These statements
are unaudited, and in the opinion of management include all adjustments
(consisting only of normal recurring adjustments) necessary for fair
presentation of Riddell's condensed consolidated financial position and the
condensed consolidated results of its operations and cash flows at September
30, 2000 and 1999 and for the periods then ended.  Certain information and
footnote disclosures made in Riddell's last Annual Report on Form 10-K have
been condensed or omitted for these interim statements.  Accordingly, these
condensed consolidated financial statements should be read in conjunction with
Riddell's Annual Report on Form 10-K for the year ended December 31, 1999.
Operating results for the nine months ended September 30, 2000 are not
necessarily indicative of the results to be expected during the remainder of
2000.



2.   Earnings per share

     Basic earnings per share amounts have been computed by dividing earnings
by the weighted average number of outstanding common shares.  Diluted earnings
per share is computed by adjusting earnings for the effect of the assumed
conversion of dilutive securities and dividing the result by the weighted
average number of common shares and common equivalent shares relating to
dilutive securities.  A reconciliation between the numerators and denominators
for these calculations follows:

<TABLE>
<CAPTIONS>
                                                                Three months ended      Nine months ended
                                                                   September 30,          September 30,
                                                                ------------------    --------------------
                                                                 2000        1999       2000        1999
                                                                -------    -------     -------     -------
                                                                               (In thousands)
<S>                                                             <C>        <C>         <C>         <C>
  Earnings - numerator:
    Net income                                                  $10,092      $9,174      $9,814     $8,184
    Effect of assumed conversion of convertible debt,
      interest savings net of tax                                   105         105         314        314
                                                                -------     -------     -------    -------
             Numerator for diluted per share computation        $10,197     $ 9,279     $10,128     $8,498
                                                                =======     =======     =======    =======

  Shares - denominator:
    Weighted average number of outstanding common shares          9,449       9,259       9,369      9,259
    Weighted average common equivalent shares:
      Options, assumed exercise of dilutive options net of
         treasury shares which could have been purchased
         from the proceeds of the assumed exercise based
         on average market prices                                   267          91          88        208
      Convertible debt, assumed conversion                        1,395       1,395       1,395      1,395
                                                                -------     -------     -------    -------
             Denominator for diluted per share computation       11,111      10,745      10,852     10,862
                                                                =======     =======     =======    =======
</TABLE>




                                                                  7


<PAGE>  8
                      RIDDELL SPORTS INC. AND SUBSIDIARIES
       NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS  (CONTINUED)


3.   Receivables

     Accounts receivable include unbilled shipments of approximately
$3,612,000, $1,315,000 and $3,053,000 at September 30, 2000, December 31, 1999
and September 30, 1999, respectively.  It is Riddell's policy to record
revenues when the related goods have been shipped.  Unbilled shipments
represent receivables for shipments that have not yet been invoiced.  These
amounts relate principally to partial shipments to customers who are not
invoiced until their order is shipped in its entirety or customers with orders
containing other terms that require a deferral in the issuance of an invoice.
Management believes that substantially all of these unbilled receivables will
be invoiced within the current sales season.


4.   Inventories

      Inventories consist of the following:
         (In thousands)         Sept. 30,   Dec. 31,  Sept. 30,
                                   2000      1999       1999
                                 --------  ---------  ---------
         Finished goods           $20,409    $20,459    $18,696
         Work-in-process            3,454      3,088      1,878
         Raw materials              9,528      9,841      9,782
                                 --------  ---------  ---------
                                  $33,391    $33,388   $ 30,356
                                 ========  =========  =========

5. Litigation matters and contingencies

   At September 30, 2000, Riddell was a defendant in 8 product liability suits
relating to personal injuries allegedly related to the use of helmets
manufactured or reconditioned by subsidiaries of Riddell.  The ultimate outcome
of these claims, or potential future claims, cannot presently be determined.
Riddell estimates that the uninsured portion of future costs and expenses
related to these claims, and incurred but not reported claims, will amount to
at least $4,100,000 and, accordingly, a reserve in this amount is included in
the Condensed Consolidated Balance Sheet at September 30, 2000, as part of
accrued liabilities and other liabilities.  These reserves are based on
estimates of losses and defense costs anticipated to result from such claims,
from within a range of potential outcomes, based on available information,
including an analysis of historical data such as the rate of occurrence and the
settlement amounts of past cases.  However, due to the uncertainty involved
with estimates actual results have at times varied substantially from earlier
estimates and could do so in the future.  Accordingly there can be no assurance
that the ultimate costs of such claims will fall within the established
reserves.


6. Supplemental cash flow information

   Cash paid for interest was $7,036,000 and $7,075,000 for the quarterly
periods ended September 30, 2000 and 1999, respectively, and $14,730,000 and
$14,043,000 for the nine-month periods ended September 30, 2000 and 1999,
respectively.  Income tax payments, or refunds, were not significant for the
periods ended September 30, 2000 and 1999.




                                       8

<PAGE>  9
                      RIDDELL SPORTS INC. AND SUBSIDIARIES
       NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS  (CONTINUED)




   During the nine-month period ended September 30, 2000, Riddell issued shares
of its common stock, valued at $169,000 based on quoted market values at the
time of grant, to certain employees in satisfaction of an accrual for
compensation included in accrued liabilities at December 31, 1999.


7. Segment information:

   Net revenues and income or loss from operations for the Company's three
reportable segments are as follows:
<TABLE>
<CAPTIONS>
                                                     Three Months Ended              Nine Months Ended
                                                       September 30,                   September  30,
                                                  ------------------------        ------------------------
                                                    2000           1999             2000           1999
                                                  ---------      ---------        ---------      ---------
                                                                       (In thousands)
<S>                                               <C>           <C>               <C>            <C>
Net revenues:
   Extracurricular products and services  . .       $81,954        $74,647         $188,607       $166,786
   Retail products  . . . . . . . . . . . . .         5,906          5,152           12,972         12,200
   Trademark licensing  . . . . . . . . . . .           312            166              892            764
   Other  . . . . . . . . . . . . . . . . . .             8             -                 8             -
                                                  ---------      ---------        ---------      ---------
       Consolidated total   . . . . . . . . .       $88,180        $79,965         $202,479       $179,750
                                                  =========      =========        =========      =========

Income (loss) from operations:
   Extracurricular products and services  . .       $14,801        $14,744          $25,464        $22,946
   Retail products  . . . . . . . . . . . . .           910            659              761            676
   Trademark licensing  . . . . . . . . . . .           149            (48)             338            191
   Corporate and unallocated expenses   . . .        (1,487)        (1,353)          (4,260)        (3,056)
                                                  ---------      ---------        ---------      ---------
       Consolidated total   . . . . . . . . .       $14,373        $14,002          $22,303        $20,757
                                                  =========      =========        =========      =========
</TABLE>



                                                                  9

<PAGE>  10

Item 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF
          FINANCIAL CONDITION AND RESULTS OF OPERATIONS

RESULTS OF OPERATIONS

     Overview and seasonality

     Operations for the nine-month period ended September 30, 2000 resulted in
net income of $9.8 million, or $0.93 per share on a diluted basis, a 20%
increase in comparison to net income of $8.2 million, or $0.78 per share on a
diluted basis, for the first nine months of 1999.  Net income for the nine-
month period of 1999 included a $905,000 tax provision relating to an
adjustment in the valuation of deferred taxes whereas no tax expense was
accrued for the nine-month period of 2000 because of Riddell's existing tax
loss carryforwards.

     Income before taxes for the nine-month period of 2000 increased 8%, or
$0.7 million to $9.8 million from $9.1 million in the first nine months of
1999.  In the third quarter, income before taxes was approximately the same for
the third quarters of both 2000 and 1999 at $10.1 million.

     For the first nine months of 2000, Riddell benefitted from increased
revenues and declining selling, general and administrative expenses as a
percentage of sales, as described in more detail in the discussion which
follows this overview.  The improvements in net income and income before taxes
in 2000 were achieved in spite of increased expenses relating to Riddell's new
Internet sites and the costs of a canceled rights offering.   Internet expenses
were $0.5 million in the third quarter, and $1.3 million in the nine-month
period of 2000, as compared to $0.2 million in both the third quarter and nine
month period of 1999.  Costs relating to the rights offering of $0.3 million
were charged to expense earlier this year when the rights offering was
canceled.  Pre-tax income before these expenses would have been $11.4 million
in the nine-month period of 2000, an increase of 24% over the first nine months
of 1999 and in the third quarter of 2000 would have been $10.6 million, an
increase of 3% over the third quarter of 1999.

     The third quarter has typically been Riddell's most profitable quarter.
In recent years, operations have been most profitable in the second and third
quarters, with the third quarter typically the strongest, and losses have been
incurred in the first and fourth quarters.  Factors influencing this seasonal
pattern were discussed in our last Annual Report on Form 10-K.


     Revenues

     Revenues for the three-month period ended September 30, 2000 increased
10%, or $8.2 million,  to $88.2 million from $80.0 million in the third quarter
of 1999.  For the nine-month period ended September 30, 2000 revenues increased
13%, or $22.7 million, to $202.5 million from $179.8 million in the first nine
months of 1999.

     Most of the revenue gains for both periods came from our extracurricular
segment where sales increased 10%, or $7.3 million, to $82.0 million in the
third quarter of 2000 from $74.7 million in the third quarter of 1999.  For the
nine-month period, extracurricular revenues increased 13%, or $21.8 million,
to $188.6 million in the first nine months of 2000 from $166.8 million in the
first nine months of 1999.  All extracurricular product lines showed sales
increases over the year-ago periods.  Increased unit volume and higher camp
attendance accounted for most of the revenue growth, with modest price
increases contributing to a lesser extent.


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<PAGE>  11

     Extracurricular revenue gains included an increase in school spirit
revenues of $6.8 million, or 13%, in the third quarter and $13.6 million, or
13%, in the nine-month period with both periods reflecting gains in both our
uniform and accessory product lines and in our camp and event operations.
Sales of team sports products and services increased $8.2 million, or 13%, in
the first nine months of 2000.  Since most of the team sports sales gains
occurred earlier in the year, the third quarter increase was a more modest gain
of 2%, or $0.5 million over the third quarter of 1999.  Team sports gains for
the first nine-months of 2000 included sales increases from Umbro-branded team
soccer products, other athletic clothing and our historical reconditioning and
new equipment businesses.

     Retail segment revenues increased $0.8 million, or 15%, in the third
quarter and $0.8, or 6% in the nine-month period.  The increases related to
sales of sports collectible products which were offset in part, by an internal
shift in the responsibility for certain international customers of athletic
equipment to the extracurricular segment.

     Revenues from trademark licensing increased by $146,000 to $312,000 in the
third quarter and by $128,000 to $892,000 in the nine-month period.


     Gross Profit

     Gross profit for the third quarter of 2000 increased by 8% to $35.7
million from $32.9 million in the 1999 quarter and for the nine-month period
increased by 11% to $82.9 million in 2000 from $74.8 million in 1999.   Gross
margin rates for the quarter decreased by 0.7 points to 40.5%  in the third
quarter of 2000 from 41.2% in the third quarter of 1999.  For the year-to-date
period, gross margin rates also decreased by 0.7 points, to 40.9%  in the first
nine months of 2000 from 41.6% in the first nine months of 1999.  While the
margin rate for the retail segment improved, this gain was offset by lower
margins in the substantially larger extracurricular segment.

     Gross margin rates for the extracurricular segment decreased to 40.2% in
the third quarter of 2000 from 41.2% in the third quarter of 1999.  For the
nine-month period the segment's margin rates decreased to 40.8% in 2000 from
41.7% in the first nine months of 1999.  These decreases were largely due to a
shift in product mix, as a portion of  the segment's revenue gains occurred in
product lines which carry below average margins.  Margins from reconditioning
operations were also lower in 2000, as we continued to incur expenses from
facilities slated for closure while we brought our new, more-efficient
reconditioning facility online. While selling prices for extracurricular
products and services were generally higher, margins were also negatively
impacted by the sale of some discontinued Umbro products at a lower than normal
margins.

     Gross margin rates for the retail segment increased to 40.9% in the third
quarter of 2000 from 38.4% in the third quarter of 1999.  For the nine-month
period the segment's margin rates increased to 38.1% in 2000 from 36.2% in the
first nine months of 1999.  These gains related to shifts in product mix as the
segment had revenue gains in product lines with above average margins and
decreases in sales of product lines with below average margins.



     Selling, General and Administrative Expenses

      Selling, general and administrative expenses increased to 24.2% of
revenues in the third quarter of 2000 from 23.6% in the third quarter of 1999,
primarily as a result of higher Internet spending in 2000 than in 1999.
Without the increased Internet costs our selling, general and administrative
expenses would have been 23.8% in the third quarter of 2000.


                                       11

<PAGE>  12

     For the nine-month period selling, general and administrative expenses
decreased as a percentage of revenues to 29.9% of revenues from 30.1% in the
first nine months of 1999.  The year-to-date improvement is principally due to
the positive operating leverage which occurs as increased revenues more
efficiently absorb the fixed and relatively-fixed portions of expenses.  The
year-to-date improvement was achieved in spite of higher Internet expenses than
last year and the costs of the canceled rights offering discussed in the
overview above.  Without these increased costs our selling, general and
administrative expenses would have been 29.2% in the first nine months of 2000.

     Selling, general and administrative expenses rates for the extracurricular
segment increased to 22.1% of revenues in the third quarter of 2000 from 21.5%
in the third quarter of 1999.  For the nine-month period the segment's selling,
general and administrative expenses decreased to 27.3% of revenues in 2000 from
28.0% in the first nine months of 1999.  The year-to-date gains were due to
improved operating leverage as discussed in the preceding paragraph.  The
increase during the quarter for the segment  related to the timing of expenses
and revenue increases within the year-to-date period.  Expenses were also
impacted by increased expenses related to Riddell's expansion in its team
sports uniform and studio dance lines.

     Selling, general and administrative expenses rates for the retail segment
were 25.5% of revenues in the third quarter of 2000 in comparison to 25.6% in
the third quarter of 1999.  For the nine-month period the segment's expense
rate increased to 32.2% in 2000 from 30.6% in the first nine months of 1999.
Higher marketing expenses resulted in an increase in the expense rate for the
year-to-date period.


     Interest Expense

     Interest expense increased by $0.4 million to $4.3 million in the third
quarter of 2000 from $3.9 million in the third quarter of 1999.  For the nine-
month period ended September 30, 2000, interest expense increased by $0.8
million to $12.5 million from $11.7 million in the first nine months of 1999.
The increases for both the third quarter and nine-month periods related to
interest costs on our revolving line of credit which increased due to higher
outstanding indebtedness during the periods and increases in the prime and
Libor interest rates.  Outstanding indebtedness increased in line with working
capital demands related to our line of Umbro-branded team soccer products,
which was still in its initial start-up phase in the early part of 1999, and
volume growth in other product lines.


     Income Taxes

     Operating results for the third quarter and first nine months 2000
included no income tax expense or credit because of our existing net operating
loss carryforwards, while a $905,000 tax charge was taken in the third quarter
of 1999, as discussed above.


Liquidity and Capital Resources

     The seasonality of our working capital needs is impacted by three key
factors.  First, a significant portion of the products we sell in the
extracurricular segment are sold throughout the year on dated-payment terms,
with the related receivables mostly becoming due during the July to October
period, as the new the school year approaches.  Second, we incur costs relating
to our summer camp business from the fourth quarter and into the second quarter
as we prepare for the upcoming camp season, while camp revenues are mostly
collected in the June to August period.  Lastly, our debt structure impacts our
working capital requirements, as the semi-annual interest payments on our $115
million, 10.5% Senior Notes come due each January and July.


                                       12

<PAGE>  13

     To finance these seasonal working capital demands, we maintain a credit
facility in the form of a revolving line of credit.  The outstanding balance on
the credit facility usually follows the seasonal cycles described above,
increasing during the early part of the operating cycle in the first and second
quarters of each year and then decreasing from the middle of the third quarter
and into the fourth quarter as collections are used to reduce the outstanding
balance.

     At September 30, 2000 the outstanding balance under the credit facility
was $27.8 million.  This compares with outstanding balances of $13.6 million at
December 31, 1999 and $22.6 million at September 30, 1999.  The change in the
outstanding balance between December 31, 1999 and September 30, 2000 reflects
the seasonal working capital pattern presented above.  The increase in the
outstanding balance between September 30, 2000 and September 30, 1999 reflects
increased working capital demands related to our volume growth.  Net borrowings
on the facility during the first nine months of 2000 were $4.0 million lower
than the year-ago period, in line with a $6.0 million decline in net cash used
in operating activities between the two periods.  The principal differences in
cash flows from operating activities are that in 1999 we drew funds to finance
the initial working capital needs of our Umbro operations.

     Our current debt service obligations are significant and, accordingly, our
ability to meet our debt service and other obligations will depend on our
future performance and is subject to financial, economic and other factors,
some of which are beyond our control.   Furthermore, due to the seasonality of
our working capital demands described above, year-over-year growth in our
business and working capital could lead to higher debt levels in future
periods.  We believe that operating cash flow together with funds available
from our credit facility will be sufficient to fund our current debt service,
seasonal and other current working capital requirements.  However, many
factors, including growth and expansion of our business, could necessitate the
need for increased lines of credit or other changes in our credit facilities in
the future.

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<PAGE>  14

Part II.    OTHER INFORMATION

Item 1.   Legal Proceedings

     The Company is a defendant in certain product liability proceedings and
from time to time becomes involved in various claims and lawsuits incidental to
its business including, without limitation, product liability, personal injury
and employment-related litigation.   See Note 5 of "Notes to Condensed
Consolidated Financial Statements".


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)  Exhibit index:

     27   Financial Data Schedule (submitted in electronic form to
          SEC only)

    (b)   Reports on Form 8-K
     None

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<PAGE>  15

SIGNATURES



Pursuant to 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 thereunto duly authorized.


                                        RIDDELL SPORTS INC.


     Date:     November 13, 2000        By   /s/ DAVID MAUER
                                            ----------------------
                                             David Mauer
                                             President and
                                             Chief Executive Officer




     Date:     November 13, 2000        By   /s/ DAVID GROELINGER
                                            ----------------------
                                             David Groelinger
                                             Executive Vice President and
                                             Chief Financial Officer


     Date:     November 13, 2000        By   /s/ LAWRENCE F. SIMON
                                            ----------------------
                                             Lawrence F. Simon
                                             Senior Vice President
                                             (Principal Accounting Officer)



                                       15