Professional and College Basketball Forums banner

1 - 10 of 10 Posts

·
Limehouse Blues
Joined
·
26,988 Posts
Discussion Starter #1
Wow Schilling put everything he had into something as risky as a video game studio. I mean there's a good chance that you end up making 100's of millions if you're good at making video games, but it's a hell of a lot easier to put fifty million in something like this and never get it back.

PROVIDENCE, R.I. (AP) -- 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.
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.
 

·
I want Waffles.
Joined
·
19,935 Posts
i feel bad for the guy. when i was like 17 and playing everquest he was a big supporter of it and he even gave out his characters name and you could hop on and talk to him in game if you wanted to. i tried but no answer he was probably in hell the whole time he was on

he is a huge video game fan and didnt get into this just to make the money it is his true passion it seems and the game wasnt bad. If they learned from their mistake with the first game and got another chance they probably would make one hell of a game

Its just a bad time to be in the video game business
 

·
Restore the Roar
Joined
·
7,393 Posts
What sucks about is that the game they produced, Kingdoms of Amalur, had some damn good reviews for the most part. I heard good things about it from friends as well. To see his company fail after one pretty good game is a shame.
 

·
Premium Member
Joined
·
21,879 Posts
High Heat Baseball for the computer was the SHIT.
 

·
And Justise For All
Joined
·
64,271 Posts
Being from Rhode Island, he's really put this place even further into the shitter.

He doesn't have many fans around these parts these days.
 
1 - 10 of 10 Posts
Top