Cash Strapped Curt Schilling Admits 38 Studios Employees Were Screwed
38 Studios' founder Curt Schilling says he sank over $50m of his personal fortune in the company.
Former Red Sox player and 38 Studios owner Curt Schilling says he sank more than $50m of his personal money into the now defunct company.
Speaking in an interview with the Dennis & Callahan sports radio show on WEEI Boston (via boston.com), Schilling opened up about 38 Studios' financial problems. He said that the company's failure had cost him his entire baseball fortune. Schilling says he told his family that "The money I saved and earned playing baseball was probably all gone… Life is going to be different."
"I put everything in my name in this company," Schiling said, "I believed in it. I believed in what we built. I never took a penny in salary. I never took a penny for anything."
The interview was Schilling's first since 38 Studios filed for bankruptcy on June 7. Roughly 400 people lost their jobs.
"The employees got blindsided," he said. "They have every right to be upset. I always told everybody if something were going to happen, you’re going to have a month or two of lead time, and I bombed on that one in epic fashion."
Image credit: Steven Senne/AP