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TZ

(42,998 posts)
Fri Jun 22, 2012, 09:15 AM Jun 2012

Curt Shilling says baseball fortune probably gone

BOSTON -- Former Boston Red Sox pitcher Curt Schilling says the collapse of his 38 Studios video game company has probably cost him his entire baseball fortune, and he put part of the blame on Rhode Island Gov. Lincoln Chafee.

Schilling said during an interview on WEEI-FM in Boston on Friday that he put more than $50 million of his own money in the company and that the money he made playing baseball is "probably all gone."
http://espn.go.com/boston/mlb/story/_/id/8084138/former-boston-red-sox-curt-schilling-says-baseball-fortune-all-gone-company-crash

And like the good "personal responibility is important" RW douche he is, he blames it on someone else entirely. Just admit you made a bad mistake jerk and live down to your "good republican morals".
God, what an asshole.

11 replies = new reply since forum marked as read
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Curt Shilling says baseball fortune probably gone (Original Post) TZ Jun 2012 OP
Looking into it JonLP24 Jun 2012 #1
The only way Schilling's numbers ever worked was with a megahit. bluedigger Jun 2012 #8
This is the epitome of a douche RockaFowler Jun 2012 #2
$50,000,000 at even a 1% return on investment Auggie Jun 2012 #3
KNR...let's kick this to the greatest page!!!! joeybee12 Jun 2012 #4
I figured you'd like this. TZ Jun 2012 #5
Done Auggie Jun 2012 #6
Done twogunsid Jun 2012 #7
Serves him right BamaFanLee Jun 2012 #9
Cross-posting from the Gaming Forum JonLP24 Jun 2012 #10
Nice that he has a million dollar tv job to fall back on though. MrSlayer Jun 2012 #11

JonLP24

(29,322 posts)
1. Looking into it
Fri Jun 22, 2012, 09:33 AM
Jun 2012

Chaffee apparently made those comments after the company missed a loan payment in May. RI lured the company from Massachusetts w/ a $75 million loan. Public comments probably didn't help but looks like the company was already having problems before he Chaffee said anything and it's his right to question the solvency of a company missing a loan payment provided by the state he is governor of.

He should have invested his money into a more well known company. I never heard of 38 Studios and am I gamer though never really into MMORPG side of games. Actually reading into it they released 1 game that was well received by critics and sold 330,000 copies so the fact that I don't play MMORPGs is probably the reason I never heard of the company.

FBI Investigating the company - http://e3.gamespot.com/story/6381395/amalur-dev-files-for-bankruptcy-fbi-investigating

So this tells more than anything that Schilling is more of a jackass for not admitting the vast majority of the company's problems are self-inflicted.

bluedigger

(17,086 posts)
8. The only way Schilling's numbers ever worked was with a megahit.
Fri Jun 22, 2012, 03:15 PM
Jun 2012

He produced a better than average game, but that wasn't enough to sustain his company. His lenders should have seen that.

Auggie

(31,172 posts)
3. $50,000,000 at even a 1% return on investment
Fri Jun 22, 2012, 11:29 AM
Jun 2012

would gross $500,000 a year. But Shilling had to have more.

I'm reminded what a stock broker told me years ago:

"Hogs get slaughtered."

JonLP24

(29,322 posts)
10. Cross-posting from the Gaming Forum
Sat Jun 23, 2012, 06:08 PM
Jun 2012

38 Studios spouse speaks out

Editor's note: Gamasutra received the letter below on Tuesday evening. In it, the wife of a former 38 Studios employee describes a uniquely heart-wrenching story about uprooting a five-person family for an exciting new opportunity in Rhode Island, where now-defunct 38 Studios was located.

The description of events differs from Gamasutra's previous report, due to its unique viewpoint from someone who didn't work at the company, but relied on it just as much as an employee. She wished to remain anonymous, but Gamasutra verified her husband's name and former position at 38 Studios.

Below is the "38 Studios Spouse's" full letter:

I want to tell a different, but not impartial, side of this story. I am telling this for two reasons. First, to raise awareness and help for any of the family or employees involved. Second, so other people know what companies can do.

I am not a 38 Studios employee, a big baseball star (who may or may not have trusted the wrong people), or some politician trying to prove a point. I am very involved though and affected by this disaster, as a wife and mother, who has moved the most important people in my life to a new state. I knew Rhode Island would be different, but hopefully still an adventure and maybe a home eventually.

We moved to Rhode Island at the end of December 2011. We opened our presents on Christmas Day, took down our tree on the 26th, and began packing and loading moving trucks on the 28th, all because my husband was hired by 38 Studios and told he had to start work as quickly as possible. We spent a month living out of a hotel searching day after day for a house to rent. My children could not get back into school and could not start a new life until we found a place to settle. Finally we found a place to live, paid deposits on the house, utilities, etc. and moved. We registered all three children at all three new schools, because we do have one in each - elementary, middle, and high school. Finally, our stuff is delivered and our life can start again. It's always hard to move and this is our second big move, but we finally made it to the point where we can re-build our support system and boy were we ready.

My husband has been in the gaming world for a long time. Most of his life has been spent working in this industry and he is well equipped to deal with the problems that go with it. He is usually hired when things are ready to be tied up and finished or they need someone with experience who can tell the left hand how to work with the right hand to meet the release dates set.

The first week he worked at 38 Studios he was concerned about the different teams and their ability to work together. He went to more than one executive during the weeks that followed encouraging them to make changes or deal with the release date issue. The company was not ready for him to do the job he was hired to do, therefore he was placed on other projects to wait it out....
http://www.gamasutra.com/view/news/172303/38_Studios_Spouse_speaks_out.php

 

MrSlayer

(22,143 posts)
11. Nice that he has a million dollar tv job to fall back on though.
Sat Jun 23, 2012, 08:07 PM
Jun 2012

So, he's never going to know the hell I'm going through.

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