Schilling: 'We will find a way, and the strength, to endure.'

Schilling: 'We will find a way, and the strength, to endure.'
May 18, 2012, 4:37 pm
Share This Post

PROVIDENCE, R.I. Former Red Sox pitcher Curt Schilling is thanking his well-wishers after his video game company defaulted on a 1.1 million payment to Rhode Island and was unable to meet payroll this week.

The founder of 38 Studios declined to answer questions on his firm's financial troubles earlier this week after he briefed state economic development officials at an emergency meeting. But he posted late Thursday to his Facebook page: "To all the prayers and well wishes to the team and families at 38, God Bless and thank you! We will find a way, and the strength, to endure."

38 Studios was lured from Massachusetts in 2010 after Rhode Island officials offered a 75 million loan guarantee they said would bring hundreds of jobs and millions in tax revenue.
The company missed a scheduled 1.1 million payment to the Rhode Island Economic Development Corp. on May 1, prompting worries about its solvency and whether the state would have to step in to pay its debts.

Schilling has asked for additional help from the state, but officials have been weighing whether the company is viable enough to justify further investment.

38 Studios hand-delivered a 1.1 million check to the economic agency on Thursday only to have the chief financial officer acknowledge soon after there wasn't enough money in the account to cover it.