Former pitcher Curt Schilling broke, Out $50 mil, partly blames RI Gov. Lincoln Chafee
After earning about $114 million during 19 years in baseball, with three World Series wins, former pitcher Curt Schilling says, "I'm tapped out." Schilling says he put about $50 million into video game company 38 Studios, which now appears to be belly up. Schilling puts part of the blame on Rhode Island Governor Lincoln Chafee. Schilling is "perhaps best remembered for pitching Game 6 of the 2004 American League Championship Series with an injured ankle that stained his sock with blood." Video of that below.
While he conceded that he "absolutely" was part of the reason the company failed, he said public comments made by Chafee last month questioning the firm's solvency were harmful as the firm tried — but failed — to raise private capital to stay afloat.
"I think he had an agenda," Schilling said about Chafee.
Chafee vocally opposed the state's loan guarantee to 38 Studios when he was running for governor in 2010. But after it was a done deal, he was the company's "biggest cheerleader," Chafee spokeswoman Christine Hunsinger said Friday. She had no other immediate comments on Schilling's interview. Schilling also accused Chafee of failing to work with an investor who was willing to put $15 million to $20 million into the company to help it succeed. He said the investor walked away because of Chafee's inaction.
Former Boston Red Sox pitcher Curt Schilling said Friday that the collapse of his 38 Studios video game company has probably cost him his entire baseball fortune, and he placed part of the blame on Rhode Island officials, including Gov. Lincoln Chafee.
Schilling said during a 90-minute interview on WEEI-FM in Boston that he put more than $50 million of his own money in the company and that he's had to tell his family that "the money I saved during baseball was probably all gone."
Schilling said he hopes to return to work soon as an analyst for ESPN. He took a leave of absence from the network after 38 Studios filed for bankruptcy protection on June 7. The firm was lured to Providence from Massachusetts in 2010 after Rhode Island offered a $75 million loan guarantee. The state is working to determine how much it's on the hook for after the company's collapse.
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