Interim Results

EAGLES PLC
1 October 1999


                    UNAUDITED INTERIM RESULTS OF EAGLES plc
                                       
        Eagles plc announces the following results on 30 September 1999
                                       

Group Profit and Loss Account

for the half year ended 30 June 1999

                               Half year    Half year      Year to
                                      to        to 30    31 Dec 98
                              30 June 99      June 98        £'000
                                   £'000        £'000
                                                                  
Turnover     -    continuing         668        1,089        1,710
operations
Cost of sales                        141          311          265
Gross profit                         527          778        1,445
Administrative expenses             (902)        (874)      (1,907)
                                    (375)         (96)        (462)
Players' registration fees           (66)         (58)        (118)
Goodwill amortisation                  -          (18)        (712)
Operating Loss                      (441)        (172)       (1292)
Profit  on sale of  players'           -            -          184
registrations
                                   (441)        (172)       (1108)
Interest                             (7)          (3)          (9)
Loss  on ordinary activities       (448)        (175)       (1117)
before taxation
Taxation                              -            -           70
Result   for  the  financial       (448)        (175)       (1047)
period

              
     
Group Balance Sheet
     
30 June 1999
     
                              30 June 99    31 Dec 98      30 June
                                   £,000        £'000           98
                                                             £'000
Fixed assets                                                      
Intangible assets                    187          243          808
Tangible assets                       15           28           35
Investments                          200          170          115
                                     402          441          958
                                                                  
Current assets                                                    
Stocks                                23           17           25
Debtors                              125           88          107
Cash at bank                           -           34           39
                                     148          139          171
Creditors:  amounts  falling        (483)        (431)        (460)
due within one year
Net current liabilities             (335)        (292)        (289)
Total  assets  less  current          67          149          669
liabilities
Creditors:  amounts  falling         900         (534)        (182)
due after more than one year
Total      assets       less        (833)        (385)         487
liabilities
Capital and reserves                                              
Called up share capital              488          488          488
Share premium account                620          620          620
Profit and loss account            (1941)       (1493)        (621)
                                    (833)        (385)         487
Movement   in  shareholders'                                      
funds
At 31 December 1998                 (385)                          
Result   for  the  financial        (448)                          
period
At 30 June 1999                     (833)                          


Summarised Group Statement of Cash Flows
     
for the half year ended 30 June 1999
     
                               Half year    Half year    Half year
                                      to           to           to
                               30 Jun 99    30 Jun 98    30 Dec 98
                                   £,000        £,000        £,000
                                                                  
Net    cash   outflow   from         293          132          508
operating activities
Capital   expenditure    and          34          130          178
financial investments (net)
Net   cash  outflow   before         327          262          686
financing
Financing (net of expenses)          360          175          526
Movement in cash                      33          (87)        (160)


Notes to the Interim Report

(1)  The  interim  results  to  30 June 1999 which  are  unaudited  have  been
     prepared  in  accordance  with the accounting  policies  adopted  in  the
     accounts for the period ended 31 December 1998.


     
(2)  The  financial  information  set  out in  the  Interim  Report  does  not
     constitute statutory accounts as defined in Section 240 of the  Companies
     Act  1985.   The results for the period to 31 December 1998 are  extracts
     from  the  1998 Group published accounts which were audited and  reported
     upon  without  qualification and have been delivered to the Registrar  of
     Companies.
     
(3)  The  results for the six months to 30 June 1998 have been reproduced from
     the unaudited interim report for that period.
     
(4)  There  were no recognised gains or losses other than the result  for  the
     financial period.
     
(5)  Copies  of  the  announcement will be available  for  inspection  at  the
     registered  office  of  the Company, Don Valley  Stadium,  Worksop  Road,
     Sheffield S9 3TL during usual business hours on weekdays for 14 days from
     the date of the announcement.