Schilling 'tapped out' of money after 38 Studios folds

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Schilling 'tapped out' of money after 38 Studios folds

Curt Schilling is "tapped out".

This we know after hearing Schilling on WEEI's Dennis and Callahan Show Friday morning, where he touched upon just about everything regarding his failed video game company, 38 Studios, for the first time since filing Chapter 7 bankruptcy roughly two weeks ago.

"I put everything in my name in this company," Schilling said on air. "I believed in it. I believed in what we had built. I never took a penny from this company. I never took a penny in salary, I never took a penny for anything."

And unfortunately, he never made a penny either, personally spending "just north of 50 million".

Schilling's company failed to make a loan payment to the state of Rhode Island in May, prompting its quick downfall. The public announcement by Rhode Island Governor Lincoln Chafee that he was trying to keep the company "solvent" was all it took.

The employees got blindsided," Schilling confessed. "One of the many, many mistakes I think that was made or that I made, or that we made as a leadership team was that this came out of nowhere for them. In all honesty, they found out because Gov. Chafee made a comment on Monday night about 7 oclock, a public comment which neither side had ever publicly commented on anything we were doing and it was based around keeping the company, he used the word solvent. That word, it was an enormous problem immediate for us.

"But the employees had no idea. Payday was the next day, and they didnt get a paycheck. And it just went downhill from there. The employees got blindsided. They didnt deserve it. It was not how we ever did business. The employees were everything. That was what the company was and it was about. I always told everybody, if something were going to happen youre going to have a month or two lead time. And I bombed on that one in epic fashion.

The default letter sent to the company by the state also "blindsided" 38 studios.

"We were actually confused as to why we got it," Schilling said. "Because again, this is our partner and were trying to work together to make the company successful. They had every right to issue it, weve never argued that, but we just assumed based on the conversation that they would be more cooperative."

Schilling invested plenty of his own money. He obviously had a ton of money in loans from the city. Ultimately, the reason the company failed is because they could never get enough private funding.

We didnt raise capital," Schilling said. "We didnt get private capital. At the end of the day, when you look at all the things that we did, I put all the money I said Id put in, I guaranteed the things I guaranteed from a loan perspective, I never took a penny out, and we spent the money exactly how we defined it in all the documentation with the state. And the one thing that we always listed as a going concern, we couldnt execute and we could not raise private capital. For a litany of different reasons Im sure if you ask anybody, theyll give you one or more reasons the hard part, and probably the most painful part, for the first time in 5 12 years, we were so close. And it just didnt work out.

Quotes, notes and stars: Wright "today was tough"

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Quotes, notes and stars: Wright "today was tough"

Quotes, notes and stars from the Red Sox’ 10-3 loss to the Rangers:

 

QUOTES

* “On a night when he didn’t have the consistency to the knuckleball that we’ve seen from many of his starts, he went to his fastball a little bit more. [Against] a good fastball hitting team . . . He’s typically made good adjustments staying over the rubber to get his release point out front -- that wasn’t the case [tonight].” John Farrell said about Steven Wright struggling with his knuckleball in his 4.2 inning outing.

* “The ball was spinning a lot out of my hand. It was a little bit hard to grip the ball because the humidity. But it was the opposite -- it was real sticky. That’s the first time I’ve had that ever. But I still felt like I should have figured that out. It was one of those things where I think I started trying to hard . . . I was trying to the throw the kitchen sink at them but it wasn’t working.” Steven Wright said about struggling to find his knuckleball in the 10-3 loss.

* “It’s hard for me because you want to go out there and try and go as deep as you can to try to help the bullpen, but, you know, today was tough, a tough day for me.” Wright said on his disappointment with only going 4.2 innings.

 

 

NOTES

 

* Hanley Ramirez laced his fourth homerun in his last 11 games. In his nine career games at Texas, Ramirez has six homeruns.

* David Ortiz went hitless for the first time since June 12th. Boston’s designated hitter also hasn’t hit a home run since June 17th -- his third longest homerless spell of 2016.

* Xander Bogaerts scored his 57th run of the season, putting him one run behind Ian Kinsler -- the fourth highest total in the majors.

 

 

STARS

 

1) Adrian Beltre

The ex-Red Sox third baseman finished 2-for-4 with an RBI, a walk -- scoring the team high three runs.

 

2) Ian Desmond

Desmond laced his 13th homer of the season in his second at-bat of the game, sparking Texas’ offense with its first run of the game.

 

3) Elvis Andrus

Andrus ended Steven Wright’s day quickly with a three-run triple in the fifth inning, finishing 1-for-2 with two walks and a run.

First Impressions from Boston's 10-3 loss to Texas

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First Impressions from Boston's 10-3 loss to Texas

First impressions of the Red Sox 10-3 loss to Texas:

 

Steven Wright can’t be stellar every night.

Although it’s seemed like it lately, it’s just not possible -- especially with a knuckleball.

He wasn’t even that bad Saturday night. He just didn’t get any help from his defense in the fifth frame.

But there’s no denying he didn’t have his best stuff. But whatever the reason, he couldn’t find consistent command or movement from his knuckler and he gave up some hard hits as a result.

Did he receive a fate worse than he pitched? Yes. But what Boston saw from Wright in his Saturday start is there will be times his go-to pitch is off -- and there’s really no way to work around that.

 

Hanley Ramirez’s “timing issue” seems to be coming around.

Although he hasn’t necessarily caught fire, Ramirez hit another home run -- once again to right field.

He’s shown more patience at the plate, and not trying to pull every ball out of the yard.

Ramirez doesn’t have everything completely figured out, but his homeruns have been plenty valuable at this point.

 

Ian Desmond is no joke.

The newly converted centerfielder is 5-for-10 against Boston pitching this series with a run and two RBI.

The ex-Nationals shortstop has good pop and good speed still. He seems to be a lot more comfortable in his new home after hitting .233 for Washington last year with 19 homeruns -- hitting his 13th Saturday night.

 

For all the criticisms Boston’s bullpen has received, the Rangers’ is definitely worse.

Although there wasn’t the same miraculous comeback witnessed Friday night -- and Boston’s pen wasn’t particularly stellar in the loss -- the Ranger relievers did not look good in the second game of the series.

They put themselves into deep counts right away -- and was lucky Boston’s offense was off.

Boston’s bullpen has its faults -- no question -- but it’s not nearly as bad as the one in Texas.

 

The Red Sox unfortunately have to rely on Clay Buchholz Sunday.

The bullpen is beaten down once again. The righty is still fighting for his job, so this would be the best time for him to pitch competitively into the sixth inning -- and maybe even longer.

Saturday's Red Sox-Rangers lineups: Wright tries to stay on roll

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Saturday's Red Sox-Rangers lineups: Wright tries to stay on roll

Knuckleballer Steven Wright will try to stay on a roll, as will the Red Sox, as they continue their three-game series tonight (9:20) against the Rangers in Arlington, Texas.

Wright (8-4, American League-leading 2.01 ERA) faces Rangers right-hander A.J. Griffin (3-0, 2.94), in his first start since coming off the 15-day disabled list.

The Red Sox rallied to win the series opener 8-7 with a four-run ninth inning.

The lineups:

RED SOX
Mookie Betts RF
Dustin Pedroia 2B
Xander Bogaerts SS
David Ortiz DH
Hanley Ramirez 1B
Jackie Bradley Jr. CF
Travis Shaw 3B
Bryce Brentz LF
Christian Vazquez C
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Steven Wright RHP

RANGERS
Shin-Soo Choo RF
Ian Desmond CF
Nomar Mazara LF
Adrian Beltre 3B
Prince Fielder DH
Roughned Odor 2B
Elvis Andrus SS
Mitch Moreland 1B
Robinson Chirinos C
---
A.J. Griffin RHP