FORM 10-K/A

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

(Mark One)

                      [X] AMENDMENT NO. 1 TO ANNUAL REPORT
                       PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934
                   FOR THE FISCAL YEAR ENDED DECEMBER 31, 2000

                                       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 0-19298

                               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, NEW YORK 10018
          (Address of principal executive offices, including zip code)


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

           Securities registered pursuant to Section 12(b) of the Act:
      Title of each class         Name of each exchange on which registered
            [NONE]                                  [NONE]

           Securities registered pursuant to Section 12(g) of the Act:
                          COMMON STOCK, $.01 PAR VALUE
                                (Title of Class)

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 [ ]






<PAGE>


                                    PART III

ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT

          Information with respect to the directors and the executive officers
     of Riddell is set forth below as of April 23, 2001 and is based upon the
     records of Riddell and information furnished to it by the directors and
     executive officers. See "Security Ownership of Certain Beneficial Owners
     and Management" for information pertaining to the Common Stock owned by the
     directors.

                                                                  HAS SERVED AS
NAME                           AGE    POSITION WITH RIDDELL       DIRECTOR SINCE
------------------------------ ---    ---------------------       -------------
Robert E. Nederlander (1)....  68   Chairman of the Board         April 1988
David M. Mauer (1)...........  52   Director, President and       September 1993
                                    Chief Executive Officer
Jeffrey G. Webb (1) (2)......  50   Chief Operating Officer and   June 1997
                                    Vice Chairman of the Board
Leonard Toboroff (1).........  68   Director and Vice President   April 1988
Don R. Kornstein.............  49   Director                      April 1995
John McConnaughy, Jr. (1)....  72   Director                      September 1989
Glenn E. "Bo" Schembechler...  71   Director                      September 1991
Arthur N. Seessel, III (2)...  62   Director                      February 1999
OTHER EXECUTIVE OFFICERS:
David Groelinger.............  50   Executive Vice President and
                                    Chief Financial Officer

----------

(1)  Messrs. Nederlander, Mauer, Webb, Toboroff and McConnaughy and certain
     entities controlled by them, are parties to a stockholders' agreement that
     requires the parties thereto to vote the shares of Riddell's common stock
     owned by them directly and beneficially in the same manner as does Mr.
     Nederlander. See "Employment Agreements and Change of Control
     Arrangements." In addition, the stockholders' agreement generally provides
     that the voting restrictions are terminated when a party transfers his
     shares. The stockholders' agreement expires on the earlier of May 28, 2001
     or upon Mr. Nederlander's death.

(2)  In accordance with the agreements entered into in connection with Riddell's
     acquisition of Varsity in 1997, our Board of Directors increased the number
     of its members from seven to eight and agreed to nominate Mr. Webb and his
     designee to become members of the Board for the three-year period
     commencing at June 1997 and terminating on the third anniversary of such
     date or upon earlier termination of Mr. Webb's employment. Mr. Webb, who
     was elected a member of our Board at our 1998 annual meeting of
     stockholders and is our Vice Chairman, has named Arthur N. Seessel, III to
     serve on our Board as his designee.


     Set forth below is biographical information regarding each director and
executive officer of Riddell based on information supplied by them.

     ROBERT E. NEDERLANDER. Mr. Nederlander has been Chairman of the Board of
Riddell since April 1988 and was Riddell's Chief Executive Officer from April
1988 through April 1, 1993. Mr. Nederlander has been President and/or a Director
since November 1981 of the Nederlander Organization, Inc., owner and operator of
one of the world's largest chains of live theaters. Since December 1998 Mr.
Nederlander has been a co-managing member of the Nederlander Company LLC,

<PAGE>


an operator of live theaters outside of New York City. He served as the Managing
General Partner of the New York Yankees from August 1990 until December 1991,
and has been a limited partner since 1973. Mr. Nederlander has been President
since October 1985 of the Nederlander Television and Film Productions, Inc. and
Chairman of the Board since January 1988 of Mego Financial Corporation. Mr.
Nederlander was a director of Mego Mortgage Corporation from December 1996 until
June 1998. Mr. Nederlander became Chairman of the Board of Allis-Chalmers Corp.
in May 1989; from 1993 through October 1996 he was Vice Chairman, and thereafter
he remained solely a director. In 1995, Mr. Nederlander became a director of HFS
Incorporated, which merged into Cendant Corporation. In October 1996 Mr.
Nederlander became a director of News Communications, Inc., a publisher of
community-oriented free circulation newspapers.

     DAVID M. MAUER. Mr. Mauer became Riddell's President and Chief Executive
Officer on April 1, 1993, succeeding Mr. Nederlander. Mr. Mauer was President of
Mattel U.S.A. from late 1990 through the beginning of 1993 and was President of
Tonka U.S.A. Toy Group from 1988 until 1990. In 1995, Mr. Mauer was elected a
member of the Board of Directors of The Topps Company, Inc. Mr. Mauer is also a
member of the CEO Council of the National Center for Missing and Exploited
Children.

     JEFFREY G. WEBB. Mr. Webb has been the Vice Chairman of the Board since
Varsity was acquired by Riddell in June 1997. Mr. Webb became Riddell's Chief
Operating Officer in October, 1999. Prior to the Varsity acquisition, Mr. Webb
was Chairman of the Board, President and Chief Executive Officer of Varsity
Spirit Corporation since its formation in 1974.

     DAVID GROELINGER. In March of 1996, Mr. David Groelinger was appointed
Riddell's Chief Financial Officer, and in June 1996 our Executive Vice
President. From 1994 to 1995 he was a member of the Board of Directors,
Executive Vice President and Chief Financial Officer of Regency Holdings
(Cayman) Inc., which owned and operated a major international cruise line. Prior
to 1994 Mr. Groelinger served in various senior financial capacities during his
twelve years at Chiquita Brands International, Inc. In 1990, he was promoted to
Vice President reporting to Chiquita's President and Chief Operating Officer. In
1999, Mr. Groelinger was appointed to the Board of Directors of Applied Theory
Corporation and currently chairs its Audit Committee.

     LEONARD TOBOROFF. Mr. Toboroff has been Vice President of Riddell since
April 1988. Since May 1989, Mr. Toboroff has been a Vice President and Vice
Chairman of the Board of Allis-Chalmers Corp. Mr. Toboroff has been a practicing
attorney since 1961 and from January 1, 1988 to December 31, 1990, was counsel
to Summit Solomon & Feldesman in New York City, which was counsel to Riddell
from April 1988 through February 1993. He has been a Director since August 1987
and was Chairman and Chief Executive Officer from December 1987 to May 1988 of
Ameriscribe Corp. Mr. Toboroff was Chairman and Chief Executive Officer from May
through July 1982, and then was Vice Chairman from July 1982 through September
1988 of American Bakeries Company. Mr. Toboroff has been a director of Banner
Aerospace, Inc., a supplier of aircraft parts, since September 1992. He has been
a director of Engex, Inc., and a director of Hi Rise Recycling since March 1999.

     DON R. KORNSTEIN. Mr. Kornstein is a management and financial consultant to
corporations and entrepreneurs. From September 1994 through February 2000, Mr.
Kornstein was a member of the Board of Directors, Chief Executive Officer and
President of Jackpot Enterprises, Inc. Prior to these activities, Mr. Kornstein
was a Senior Managing Director at Bear, Stearns & Co. Inc. for 17 years through
September 1994. Mr. Kornstein has been a director of Riddell since April 1995.

     JOHN MCCONNAUGHY, JR. Mr. McConnaughy has been Chairman and Chief Executive
Officer of JEMC Corp. since 1988. Mr. McConnaughy is the Chairman of the Board
of the Excellence Group, LLC, which filed a petition for bankruptcy under
Chapter 11 of the Bankruptcy Code on January 13, 1999. The Excellence Group's
subsidiaries produced labels for a variety of customers. From 1969 to 1986, Mr.
McConnaughy served as Chairman and Chief Executive Officer of Peabody
International Corp. ("Peabody"). From 1981 to 1992, he served as Chairman and
Chief Executive Officer of GEO International Corp. when it was spun off from
Peabody in 1981. Mr. McConnaughy is a Director of Fortune Natural Resources,
Mego Financial Corporation, Levcor International, Inc. and Wave Systems, Inc. He
has been a director of Riddell since September 1989.

     GLENN E. "BO" SCHEMBECHLER. Mr. Schembechler was President of the Detroit
Tigers from January 1990 through August 1992 and a member of the Tigers Board of
Directors from 1989 through 1990. He is also a Director of Midland Company. From
1968 through 1989, Mr. Schembechler was head football coach of the University of
Michigan and served as its Athletic Director in 1988 and 1989. He was inducted
into the National Football Foundation Hall of Fame in 1993. He has been a
director of Riddell since September 1991.

     ARTHUR N. SEESSEL, III. Mr. Seessel was the Chief Executive Officer of
Seessel Holdings Inc., a supermarket chain located in Memphis, Tennessee, until
the company was sold in 1996. Mr. Seessel currently serves as a consultant to

                                       2
<PAGE>


Albertson's Inc. and is a member of the Board of Directors of 1st Trust Bank,
Wunderlich Securities, Thoughtware Technologies Inc., Idealmusic Inc. and Auto
Radio Inc. He has been a director of Riddell since February 1999.


                            SECTION 16(A) DISCLOSURE

     Riddell believes, based solely on its review of the copies of the Forms 3,
4 and 5 required to be filed with Riddell pursuant to Section 16(a) of the
Exchange Act by its officers, directors and beneficial owners of more than 10%
of Riddell's Common Stock ("insiders"), that during the fiscal year ended
December 31, 2000, all filing requirements applicable to its insiders were
complied with.

ITEM 11. SUMMARY COMPENSATION TABLE

     The table below sets forth the cash compensation paid to or accrued for
Riddell's Chief Executive Officer and its four other most highly paid executive
officers in 2000 for services rendered in all capacities to Riddell and its
subsidiaries during the fiscal years ended December 31, 2000, 1999 and 1998.

<TABLE>
<CAPTION>
                                                                                              LONG TERM
                                                                                             COMPENSATION
                                                           ANNUAL COMPENSATION                  AWARDS
                                                 ----------------------------------------   -------------
                                                                                              SECURITIES
                                                                          OTHER ANNUAL        UNDERLYING        ALL OTHER
NAME AND PRINCIPAL POSITION          YEAR         SALARY     BONUS        COMPENSATION (1)    OPTIONS (2)       COMPENSATION (3)
                                     ----        --------    ------       ---------------    -------------      ---------------
<S>                                  <C>         <C>         <C>             <C>               <C>                    <C>
David M. Mauer..................     2000        $609,788    $     --        $    --                 --            $  2,040
Chief Executive Officer              1999         579,792     130,000             --             40,000                 960
                                     1998         575,000          --             --             40,000               1,000

Jeffrey G. Webb.................     2000        $397,688    $     --        $    --                 --            $    200
   Chief Operating Officer           1999         378,135     273,500 (4)         --             35,000                 300
                                     1998         375,000     207,090 (4)         --             35,000                  --

David Groelinger................     2000        $233,133    $     --        $    --                 --            $  2,040
   Chief Financial Officer           1999         221,692      50,000             --             15,000                 960
                                     1998         220,385          --             --             15,000               1,000

Robert E. Nederlander...........     2000        $200,984    $     --             --              7,500            $     --
   Chairman of the Board             1999         198,996          --        $16,875              7,500                  --
                                     1998         196,160          --             --              7,500                  --

Leonard Toboroff................     2000        $200,979    $     --             --              7,500            $  2,010
   Director and Vice President       1999         198,989          --        $16,875              7,500                 960
                                     1998         196,157          --             --              7,500               1,000
</TABLE>

----------

(1)  In 1999, Messrs. Nederlander and Toboroff each received a payment of
     $16,875 in exchange for the surrender of stock options granted to them in
     1994 for 15,000 shares each, at an exercise price of $2.625. The payment
     was computed based on the "in the money" value of the options at the time
     of the payments. Other perquisites and other personal benefits paid for the
     named executive officers are omitted from the table as permitted by the
     rules of the U.S. Securities and Exchange Commission because they
     aggregated less than the lesser of $50,000 and 10% of the total annual
     salary and bonus set forth in the columns entitled, "Salary" and "Bonus"
     for each named executive officer.

(2)  These options were issued under Riddell's 1991 Stock Option Plan or 1997
     Stock Option Plan.

(3)  Represents Riddell's contribution to a 401(k) plan on behalf of the
     employee.

(4)  Includes unrestricted stock awards of Riddell's common stock. The stock
     awards to Mr. Webb for 1999 and 1998 were 41,600 shares and 41,600 shares,
     valued at $130,000 and $153,400, respectively. The value of the awards is
     based on the quoted market prices on the day the awards were granted, which
     were $3.13 and $3.69 per share for the 1999 and 1998 awards, respectively.

                                       3
<PAGE>


                          STOCK OPTIONS GRANTED IN 2000

     The following table sets forth information concerning individual grants of
stock options made during 2000 to each named executive officer listed below
pursuant to Riddell's 1991 and 1997 Stock Option Plans.

<TABLE>
<CAPTION>
                                                                                                POTENTIAL REALIZABLE
                                                                                                  VALUE AT ASSUMED
                                                                                               ANNUAL RATES OF STOCK
                                                                                               PRICE APPRECIATION FOR
                                                                                                   OPTIONS TERM (1)
                                                                                                -------------------
                                    NUMBER OF      % OF TOTAL
                                    SECURITIES       OPTIONS
                                    UNDERLYING     GRANTED TO      EXERCISE
                                     OPTIONS      EMPLOYEES IN     PRICE PER   EXPIRATION
NAME                                 GRANTED       FISCAL YEAR       SHARE        DATE            5%           10%
                                      -----       ------------     ---------   ----------       ------       ------
<S>                                   <C>              <C>            <C>        <C>             <C>          <C>
David M. Mauer.................           0            N/A            N/A           N/A             N/A          N/A
Jeffrey Webb...................           0            N/A            N/A           N/A             N/A          N/A
David Groelinger...............           0            N/A            N/A           N/A             N/A          N/A
Robert E. Nederlander (2)......       7,500             3%            $3.00      5/16/2010       14,150       35,859
Leonard Toboroff (2)...........       7,500             3%            $3.00      5/16/2010       14,150       35,859
</TABLE>

----------

(1)  Based upon the per share market price on the date of grant and an annual
     appreciation of such market price at the rate stated in the table through
     the expiration date of such options. Gains, if any, are dependent upon the
     actual performance of the common stock, as well as the continued employment
     of the executive officers through the vesting period. The potential
     realizable values indicated have not taken into account amounts required to
     be paid as income tax under the Internal Revenue Code and any applicable
     state laws.

(2)  This option was granted pursuant to the 1991 Stock Option Plan which
     provides for annual fixed automatic grants of options to certain directors.
     The option is fully exercisable from May 16, 2001 through May 16, 2010. In
     the event Mr. Nederlander or Mr. Toboroff's Board membership terminates,
     generally, other than for cause, the option becomes fully exercisable for
     90 days. The option terminates if Mr. Nederlander or Mr. Toboroff's Board
     membership terminates for cause.


          STOCK OPTION EXERCISES AND STOCK OPTIONS HELD AT END OF 2000

     The following table presents information concerning exercises of stock
options by each named executive officer during the year ended December 31, 2000
and indicates the total number of exercisable and unexercisable stock options
held by each named executive officer on December 31, 2000. On December 31, 2000,
the last sale price of the common stock on the American Stock Exchange was $3.00
per share.

<TABLE>
<CAPTION>
                                                               NUMBER OF SECURITIES
                                                                    UNDERLYING                  VALUE OF UNEXERCISED
                                                              UNEXERCISED OPTIONS AT           IN-THE-MONEY OPTIONS AT
                                                                DECEMBER 31, 2000               DECEMBER 31, 2000 (2)
                               SHARES         VALUE      ------------------------------      -----------------------------
                             ACQUIRED ON    REALIZED
           NAME             EXERCISE (#)     ($) (1)     EXERCISABLE      UNEXERCISABLE      EXERCISABLE     UNEXERCISABLE
--------------------------- ------------    --------     -----------      -------------      -----------     -------------
<S>                             <C>          <C>             <C>              <C>                   <C>              <C>
David M. Mauer ............     50,000       $56,250         417,500          62,500                --               --
Jeffrey G. Webb ...........         --            --         424,010          43,750                --               --
David Groelinger ..........         --            --          91,250          23,750                --               --
Robert E. Nederlander .....     15,000        11,250          30,000           7,500                --               --
Leonard Toboroff ..........     15,000        15,938          24,375          13,125                --               --
</TABLE>

----------

(1)  Value realized is based upon the fair market value of common stock on the
     date of exercise less the exercise price, and does not necessarily indicate
     that the optionee sold such stock.

(2)  The exercise price of all options held at the end of 2000 by the named
     individuals were equal to or greater than the $3.00 per share December 31,
     2000 closing price of the common stock.

                                       4
<PAGE>


                       COMPENSATION OF BOARD OF DIRECTORS

     Directors who are not officers of Riddell received a fee in 2000 of $20,000
per annum. In 2000, directors who were members of the Audit and Compensation
Committees of the Board (Messrs. McConnaughy, Kornstein, Schembechler and
Seessel) were also each paid an aggregate additional amount of $5,000 per annum
for their Committee memberships.

     During 2000, Messrs. Nederlander, Toboroff, McConnaughy, Kornstein,
Schembechler and Seessel were each granted an option to purchase up to 7,500
shares of Riddell's common stock at an exercise price of $3.00 per share. These
grants were pursuant to provisions of the 1991 and 1997 Stock Option Plans which
provide for fixed automatic grants of options to eligible directors.

     See "Summary Compensation Table" and "Options Granted in 1999" for a
discussion of compensation paid to Mr. Mauer, a director and Riddell's Chief
Executive Officer and Mr. Webb, Riddell's Vice Chairman and Chief Operating
Officer.

     Riddell has agreed to indemnify each director and officer against certain
claims and expenses for which the director might be held liable in connection
with service on the Board. In addition, Riddell maintains an insurance policy
insuring our directors and officers against such liabilities.

            EMPLOYMENT AGREEMENTS AND CHANGE OF CONTROL ARRANGEMENTS

     In June 1992, Riddell entered into an employment agreement with each of
Messrs. Nederlander and Toboroff. Each agreement continues until terminated by
Riddell, with termination effective three years after Riddell delivers notice of
termination or, if earlier, until the death or disability of the employee. The
agreements are immediately terminable by Riddell for cause (as defined therein).
Bonuses are at the discretion of the board. Each agreement provides a base
salary of $162,500 which may be increased in the discretion of the board,
provided that in any event each year the salaries are increased at least by the
percentage increase in the Consumer Price Index. Each agreement provides that in
the event Riddell terminates the employee's employment, generally, other than
for cause, the employee will receive his full salary through the end of the term
of his agreement and annual bonuses for the remainder of the term equal to the
average of the annual bonuses awarded to the employee prior to termination. Each
agreement acknowledges that the employee will devote time and provide services
to entities other than Riddell.

     In April 1993, Riddell entered into an employment agreement with Mr. Mauer.
The agreement, as amended in 1994, provides an annual base salary in such amount
in excess of $400,000 as the Board of Directors may determine from time to time.
The agreement provides for the years subsequent to 1993, that the Board of
Directors and Mr. Mauer establish target bonuses based upon measures to be
agreed upon before the beginning of each calendar year, and that Mr. Mauer's
bonus will be a percentage, not to exceed 100%, of his base salary based upon
the percent of the targets achieved. The agreement continues until terminated by
Riddell, with termination effective three years after Riddell delivers notice of
termination or, if earlier, until Mr. Mauer's death or disability. The agreement
is immediately terminable for cause, as defined in Mauer's agreement. Mr. Mauer
was granted an option for ten years to acquire 300,000 shares of Riddell's
common stock pursuant to the Agreement at an average price of $3.63 per share.
In the event Mr. Mauer's employment is terminated, generally, other than for
cause, Mr. Mauer will receive his salary through the date of his termination, a
pro rata portion of the bonus earned through the date of termination, plus three
times his annual salary and three times the average of his annual bonus paid in
the three years prior to the date of his termination. Additionally, Mr. Mauer's
options become fully exercisable for one year.

     In connection with the acquisition of Varsity Spirit Corporation, Riddell
entered into an employment agreement with Mr. Webb effective June 1997. Under
the provisions of such agreement Mr. Webb serves as Vice Chairman of the Board
of Directors as well as Chief Operating Officer of Riddell. Mr. Webb is entitled
to a base salary of no less than $375,000 per year and is eligible to
participate in those bonus arrangements which are made available to other senior
officers of Riddell at a target level of 40% of his base salary. Pursuant to his
employment agreement, Mr. Webb received options to purchase 50,000 shares of
common stock of Riddell with a per share exercise price of $5.44 and "special
options" to purchase an additional 347,760 shares at a per share exercise price
of $3.80. Upon termination of Mr. Webb's employment (1) by Riddell without
cause, as defined in Webb's agreement, (2) by Mr. Webb with good reason, as
defined in Webb's agreement, or (3) as a result of a change in control, as
defined in Webb's agreement, Mr. Webb will receive continued payments of base
salary for the longer of the remainder of the term of the agreement and one
year, or two years if as a result of a change of control, as well as other
benefits. Mr. Webb is subject to a non-competition covenant generally for a
period of two years following the termination of his employment for any reason.
Pursuant to his employment agreement, Mr. Webb agreed to become a party to the
Shareholders' Agreement to which Messrs. Mauer, Nederlander, Toboroff and
McConnaughy are parties.

                                       5
<PAGE>


     Riddell entered into an employment agreement with Mr. Groelinger effective
March 1996 in connection with his joining Riddell as Chief Financial Officer.
The agreement provides for an initial annual base salary of $180,000 and a
guaranteed minimum bonus for 1996 of $25,000. Thereafter, bonuses will be a
percentage of his salary, with a target of 40%. Pursuant to the Agreement, Mr.
Groelinger was granted a ten-year option to purchase 65,000 shares of Riddell's
common stock at an exercise price of $4.63 per share. The agreement is
immediately terminable for cause, as defined in Mr. Groelinger's agreement,
presently expires, unless renewed, in March 2002. The agreement provides,
generally, that if Mr. Groelinger's employment is terminated other than for
cause he will be paid no less than one year's salary, or two years' salary in
the event termination arises in connection with a change of control, as defined
in Mr. Groelinger's agreement, plus a pro rata portion of his bonus through the
date of termination. In addition, his stock options become immediately
exercisable for one year to the extent then vested.

     The stock options granted to Messrs. Mauer, Webb and Groelinger in
connection with their employment become immediately exercisable in the event a
change of control of Riddell occurs.

           COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION

     Mr. McConnaughy is a member of Riddell's Board of Directors and its
Compensation and Audit Committees and a member of a group of stockholders who
may be deemed to beneficially own and exercise control over approximately 52% of
Riddell's outstanding Common Stock as of March 20, 2001. See "Security Ownership
of Certain Beneficial Owners and Management."

ITEM 12: SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

     The following table sets forth certain information as of April 23, 2001
pertaining to ownership of Riddell's common stock by persons known to Riddell to
own 5% or more of Riddell's common stock and common stock owned beneficially by
each director and named executive officer of Riddell and by directors and named
executive officers of Riddell as a group.

     The information contained herein has been obtained from Riddell's records,
or from information furnished directly by the individual or entity to Riddell
made by such persons with the U.S. Securities and Exchange Commission.

                                              SHARES OWNED          PERCENT OF
                                              BENEFICIALLY         COMMON STOCK
                                              ------------         ------------
Robert E. Nederlander                         5,457,764(1)            52.4%
810 Seventh Avenue
New York, NY 10019

David M. Mauer                                  535,645(2)             5.4%
c/o Riddell Sports Inc
1450 Broadway, Suite 2001
New York, NY 10018

Jeffrey G. Webb                               1,281,387(3)            13.0%
c/o Varsity Spirit Corporation
2525 Horizon Lake Drive
Memphis, TN 38133

David Groelinger                                103,500(4)             1.1%
c/o Riddell Sports Inc.
1450 Broadway, Suite 2001
New York, NY 10018

Leonard Toboroff                              1,318,585(5)            13.9%
c/o Riddell Sports Inc.
1450 Broadway, Suite 2001
New York, NY 10018

Don R. Kornstein                                 59,937(6)             *
c/o Riddell Sports Inc.
1450 Broadway, Suite 2001
New York, NY 10018

                                       6
<PAGE>


                                              SHARES OWNED          PERCENT OF
                                              BENEFICIALLY         COMMON STOCK
                                              ------------         ------------
John McConnaughy, Jr.                         1,054,937(7)            11.1%
c/o JEMC Corp.
1011 High Ridge Road
Stamford, CT 06905

Glenn E. "Bo" Schembechler                       52,500(8)             *
c/o Riddell Sports Inc.
1450 Broadway, Suite 2001
New York, NY 10018

Arthur N. Seessel, II                            22,500(9)             *
c/o Seessel's Supermarkets
1745 Union Avenue
Memphis, TN 38104

All officers and directors as a group         5,696,201               53.7%
(9 individuals)

Angelo, Gordon & Co., L.P.                    1,395,000(10)           12.9%
245 Park Avenue, 26th Fl.
New York, NY 10167

Dimensional Fund Advisors Inc.                  490,308(11)            5.2%
1299 Ocean Ave., 11th fl.
Santa Monica, CA 90401

----------

*    Less than 1%

(1)  Of the 5,457,764 shares beneficially owned by Mr. Nederlander: (A)
     1,267,210 shares are owned by Mr. Nederlander directly or through entities
     controlled by him having dispositive power over these shares; 37,500 of
     these 1,267,210 shares underlie options granted under Riddell's 1991 Stock
     Option Plan that are exercisable currently or within 60 days of April 23,
     2001; 646,037 of such 1,267,210 shares are subject to a voting trust
     expiring May 29, 2001 pursuant to which Robert Nederlander is voting
     trustee and has sole voting power (except to the limited extent described
     in Note 7 below) and (B) an additional 4,190,554 shares are beneficially
     owned by Mr. Nederlander as voting trustee under the voting trust and
     pursuant to a shareholders' agreement to which Mr. Nederlander and some of
     the other officers and directors of Riddell and their affiliates are
     parties. Under Rule 13-d of the Securities Exchange Act of 1934, Mr.
     Nederlander is deemed to beneficially own the shares of stock subject to
     the voting trust and the stockholders' agreement. The stockholders'
     agreement terminates upon the earliest of May 28, 2001, or the death of Mr.
     Nederlander, or the date of the transfer of shares subject to the
     stockholders' agreement (other than to certain parties) as to the shares
     transferred.

(2)  The shares of common stock beneficially owned by Mr. Mauer are subject to
     the stockholders' agreement and 427,500 of these shares are issuable in
     connection with options granted under Riddell's 1991 Stock Option Plan
     which are exercisable currently or within 60 days of April 23, 2001.

(3)  The shares of common stock beneficially owned by Mr. J. Webb are subject to
     the stockholders' agreement and 415,260 of these shares underlie options
     granted under Riddell's 1997 Stock Option Plan that are exercisable
     currently or within 60 days of April 23, 2001.

(4)  Includes 95,000 shares underlying options granted under Riddell's 1991
     Stock Option Plan that are exercisable within 60 days of April 23, 2001.

(5)  The shares of common stock beneficially owned by Mr. Toboroff are subject
     to the stockholders' agreement and 37,500 shares underlie options granted
     under Riddell's 1991 Stock Option Plan that are exercisable currently or
     within 60 days of April 23, 2001.

(6)  Includes 37,500 shares underlying options granted under Riddell's 1991
     Stock Option Plan that are exercisable within 60 days of April 23, 2001.

(7)  Of the shares of common stock beneficially owned by Mr. McConnaughy: (A)
     484,530 are subject to the voting trust; (B) 570,407 are subject to the
     stockholders' agreement and (C) 37,500 shares underlie options granted
     under Riddell's 1991 Stock Option Plan that are exercisable currently or
     within 60 days of April 23, 2001. Mr. McConnaughy has

                                       7
<PAGE>


     pledged his interest in 1,017,437 shares of Riddell's common stock to
     financial institutions to secure loans. The voting trust provides that if
     Mr. McConnaughy defaults on the loan pursuant to which the pledge was made,
     the voting restrictions are removed from the pledged shares.

(8)  Includes 37,500 shares underlying options granted under Riddell's 1991
     Stock Option Plan that are exercisable currently or within 60 days of April
     23, 2001.

(9)  Represents shares underlying options granted under Riddell's 1991 Stock
     Option Plan that are exercisable currently or within 60 days of April 23,
     2001.

(10) Based on a Schedule 13G filed February 13, 1997, Angelo, Gordon & Co., L.P.
     may be deemed to be the beneficial owner of 1,395,000 shares as a result of
     voting and dispositive powers it holds with respect to $1,000,000 principal
     amount of Riddell's 4.10% Convertible Subordinated Note due November 1,
     2004 (the "Notes") convertible at $5.3763 per share into 186,000 shares of
     Riddell's common stock held for its own account and $6,500,000 principal
     amount of Notes convertible into 1,209,000 shares of common stock which it
     holds for the account of private investment funds for which it acts a
     general partner and/or investment advisor or investment manager.

(11) Based on a Schedule 13G filed February 4, 2000, Dimensional Fund Advisors
     Inc. may be deemed to be the beneficial owner of 490,308 shares.



ITEM 13: CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

     On February 25, 2000, Riddell entered into a nine (9) year six (6) month
sublease with a company owned and controlled by Riddell's chairman, Mr. Robert
Nederlander. Pursuant to the sublease, Riddell will pay a base rent of
approximately $117,000 per annum which will rise to approximately $138,000 per
annum during the term of the sublease. Riddell will also pay our pro rata share
(approximately 33%) of operating expenses during the term of the sublease.
Riddell paid $175,000 upon the execution of the sublease, which represents
Riddell's pro rata share of the build out expenses relative to the sublease.
Management believes that the terms of the sublease are at least equivalent to
what Riddell could reasonably expect to receive from an unrelated third party.

                                       8
<PAGE>


     The undersigned registrant hereby amends its Form 10-K for the Fiscal Year
Ended December 31, 2000 to include the information contained herein in response
to Part III of Form 10-K.

                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this amendment to Form 10-K for 2000 to be signed on
its behalf by the undersigned, thereunder duly authorized on this 27th day of
April, 2001.

                           RIDDELL SPORTS INC.



                           By: /s/ DAVID MAUER
                              --------------------------------------------------
                              David Mauer
                              Chief Executive Officer

                                       9