Curt Schilling: Firm's Collapse Cost Me My Baseball Fortune

Ex-Red Sox pitcher blames Rhode Island governor
By Dustin Lushing,  Newser Staff
Suggested by pg13
Posted Jun 22, 2012 5:00 PM CDT
Curt Schilling: Firm's Collapse Cost Me My Baseball Fortune
Curt Schilling in May 2012.   (AP Photo/Steven Senne, File)

Retired MLB all-star Curt Schilling says he lost more than $50 million of his own money, likely his entire career's worth of earnings, when his video game company fizzled and declared bankruptcy. The former Red Sox pitcher spoke on Boston radio station WEEI-FM for the first time since the meltdown of his company, 38 Studios. The pitcher said he was "absolutely" accountable for part of the collapse, but he also heaped blame on Rhode Island Gov. Lincoln Chafee, notes AP. "I think he had an agenda," said Schilling.

The gaming company moved from Massachusetts to Rhode Island in 2010 when the state offered a $75 million loan guarantee. Schilling accuses Chafee of issuing statements stirring doubt about 38 Studios' solvency, which scared away investors, as well as being uncooperative with one potential large investor. 38 Studios fired all of its 300 employees last month, and state and federal officials are now investigating the company's finances. "It's been kind of a surreal 60 days or 65 days," Schilling said. "I'm not asking for sympathy. It was my choice." (More Curt Schilling stories.)

Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.