Rhode Island Blows Save, Schilling Takes Loss
Right-handed asshole Curt Shilling who once said:
“There can be no question our country is in the worst economic crisis of our lifetimes. I also think there can be no question that it falls on us, the individuals, to find a way out of our own personal crisis.” — Curt Schilling, February 2011
… met with the press today and blamed his teammates, the individuals who play for the Rhode Island Taxpayers, for letting him down after he burned through the $75 million that they gave him:
Former Boston Red Sox pitcher Curt Schilling said Friday that the collapse of his 38 Studios video game company probably has 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.”
“I’m tapped out,” he said.
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.
Although Schilling 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
Hey, what investor wouldn’t want to sink another $15 to 20 million into a video game company that had already burned through over $100 million in less than two years?
The firm had sought millions of dollars in tax credits from Rhode Island as it struggled to stay afloat, but Schilling said Friday that he wasn’t looking for a bailout.
State and federal authorities, meanwhile, are investigating 38 Studios’ finances. Citizens Bank also has sued Schilling to recover $2.4 million in loans it made to 38 Studios.
If things go poorly for Schilling he may get sent down to the minors where he share a locker with Lenny Dykstra and they can sit around all day talking how the invisible hand wasn’t calling for a fastball, it was giving them the finger.