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TMCNet: Curt Schilling contrite about loss of 400 jobs at 38 Studios

[August 04, 2012]

Curt Schilling contrite about loss of 400 jobs at 38 Studios

Aug 03, 2012 (Boston Herald - McClatchy-Tribune Information Services via COMTEX) -- Former Red Sox pitching ace Curt Schilling was dogged by questions about his failed video game company 38 Studios yesterday at his Fenway Park induction into the team's Hall of Fame.


"I had a family of 400 people that I was responsible for and I failed them," said Schilling, speaking with reporters about what it was like to lay off the Rhode Island firm's entire staff.

"That was the devastating, challenging part -- helping them all get back on their feet, and most of them have. There's still some situations to take care of. That was the devastating part, was to let them down," said the retired World Series champion.

Asked by the Herald what's getting him through the days in the wake of losing $50 million of his own money on the 38 Studios venture, Schilling said, "Faith. My faith in God." Schilling also shook his head and responded, "No," when asked if he had any future business prospects lined up. He took a leave of absence from his ESPN baseball analyst gig in June.

The video game company filed for bankruptcy in June after falling behind on a $1.1 million loan payment to the Ocean State. Rhode Island lured the company to Providence from its original Maynard base with a guaranteed loan of $75 million.

Schilling told a reporter to "talk to (Gov. Lincoln Chafee)" when asked if Rhode Island taxpayers would see their money again.

"I took a shot and tried to create something world changing and it didn't work out," Schilling said. "I gave it everything I had, literally, and now I'm just trying to manage day by day and it's been challenging but my wife and my kids are healthy, and I'm OK." ira kantor@bostonherald.com ___ (c)2012 the Boston Herald Visit the Boston Herald at www.bostonherald.com Distributed by MCT Information Services

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