Doing a radio interview on WEEI’s Dennis & Callanhan show Friday, Curt Schilling detailed how things went bad with his company 38 Studios.
Having personally invested more than $50 million in the company, Schilling, who recently took a leave of absence from ESPN, told his family last month that “The money I saved and earned playing baseball was probably all gone…Life is going to be different.”
Schilling said he was still optimistic about the future of the company until Rhode Island governor Lincoln Chafee went public with its financial problems, mentioning the issues with keeping it solvent. He said he was on the verge of signing a possible $35 million deal with a major publisher for a sequel to his company’s first game, “Kingdoms of Amalur: Reckoning,” but that talks collapsed after the comments.
Schilling also said he was working on a $15 million-$20 million deal to salvage the company that hinged on the state of Rhode Island’s cooperation, but that the state refused.
Schilling made it clear that he wasn’t looking for sympathy; he just wanted to get some of the facts out there. He also acknowledged how much of a mistake he made in dealing with his employees, all of whom were laid off last month.
“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.”