It is definitely a version of Championship Manager, maybe an early version to coincide with the 1988 European Championship. I'm still looking and very excited :P
EDIT: It's got to be around 1991 as Tottenham v Arsenal are to play in the Charity Shield.
Few more pics suggest that this is also definitely a pre Championship Manager 1 version.
http://img192.imageshack.us/gal.php?g=eurosave001.png
http://img694.imageshack.us/gal.php?g=eurosave004.png
I've attached a saved game for perusal purposes as it takes friggin ages to set up a new game.