Sports Internet Results, etc

Sports Internet Group PLC
7 June 2000



          SPORTS INTERNET GROUP PLC UNAUDITED PRELIMINARY
                    RESULTS FOR THE PERIOD ENDED 31 MARCH 2000
                    
                    
The Offer Document from British Sky Broadcasting plc was posted
to shareholders of Sports Internet Group plc today. In
accordance with the AIM rules, Sports Internet Group is also
obliged to make a separate announcement of its Unaudited
Preliminary Results for the period ended 31 March 2000. The
following results are also contained within the Offer Document:

                   SPORTS INTERNET GROUP PLC
                               
        UNAUDITED CONSOLIDATED PROFIT AND LOSS ACCOUNT
             For the period from 8 February 1999 to 31 March 2000



                    Before goodwill   Goodwill     After goodwill
                     amortisation    amortisation    amortisation
                         £'000         £'000          £'000

Turnover                  19,743                       19,743
Cost of sales             (18,497)                    (18,497)
Gross Profit               1,246                        1,246
Administration expenses   (5,355)       (5,541)       (10,896)
Operating loss            (4,109)       (5,541)        (9,650)
Interest receivable and
similar income               168                          168
Interest payable and similar
charges                      (40)                         (40)
Loss on ordinary activities
before taxation            (3,981)      (5,541)        (9,522)
Taxation on loss on
ordinary activities
Retained loss for the
financial period           (3,981)      (5,541)        (9,522)
Basic and diluted loss
per share (pence)           (15.8)                      (37.8)
         
The results presented above represent the Group's first period of
trading.
         
There were no recognised gains or losses other than the results for
the period presented above.
         
                                      
                                                                           
                                      
                          SPORTS INTERNET GROUP PLC
                                      
          UNAUDITED CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2000
                                      
                                      
                                                              £'000
       Fixed Assets
       Intangible assets                                     54,277
       Tangible assets                                        3,388
       
       Investments                                                1
       
                                                             57,666
       
       Current Assets
       Stock                                                    104
       Debtors                                                  977
       Money market investments                               8,000
       Cash at bank and in hand                               1,379
       
                                                             10,460
       
       Creditors: amounts falling due within one year        (5,513)
       Net current assets                                     4,947
       Total assets less current liabilities                  62,613
       Creditors: amounts falling due after more than one year (384)
       Provisions for liabilities and charges                  (579)
       Net assets                                             61,650
       
       Capital and reserves
       Called up equity share capital                         1,773
       Share premium account                                 14,480
       Merger reserve                                        54,919
       Profit and loss account                               (9,522)
       Equity shareholders funds                             61,650
       
           
       
                       SPORTS INTERNET GROUP PLC
              UNAUDITED CONSOLIDATED CASH FLOW STATEMENT
                  For the period ended 31 March 2000
                                   
                                         £'000          £'000
       Net cash inflow from
       operating activities                            (2,350)
       Returns on investment and
       servicing of finance
       Interest received                  100
       
       Interest paid                     (23)
       Interest element of finance
       lease payments                    (17)
       Net cash inflow from returns on
       investment and servicing of finance                   60
       Taxation                                              (8)
       Capital expenditure and financial investment
       Payments to acquire tangible
       fixed assets                     (1,190)
       
       Receipts from sale of tangible
       fixed assets                         48
       Net cash outflow from capital
       Expenditure                                        (1,142)
       Acquisitions and disposals
       Purchase of subsidiary 
       undertakings                     (1,552)
       
       Net overdraft acquired with
       subsidiary undertakings           (147)
       Repayment of loans on acquisition
       of subsidiary undertakings        (748)
       
       Purchase of investment 
       in joint venture                    (1)
       Net cash outflow from acquisitions and disposals      (2,448)
       Net cash outflow before management
       of liquid resources and financing                     (5,888)
       Management of liquid resources
       Purchase of money market investments                  (8,000)
       Financing
       Issue of ordinary share capital  16,443
       
       Expenses of share issues         (1,305)
       Decrease in borrowings             (167)
       Capital element of finance
       lease payments                      (28)
       Net cash inflow from financing                       14,943
       Increase in cash in the period                        1,055