....but not sure he was able to run a company:
NEW YORK (MarketWatch) — A videogame maker founded by former pitcher Curt Schilling filed for bankruptcy protection Thursday after weeks of turmoil and amid a report of a law-enforcement investigation.
The company, 38 Studios LLC (named after the number Schilling wore in his playing days) filed with the U.S. Bankruptcy Court in Delaware, claiming liabilities of $150.7 million against assets of just more than $21.7 million. Schilling owns 83% of the firm, according to court filings.
The star baseball player’s 38 Studios moved to Providence, R.I., from Massachusetts after the state in late 2010 promised the company a $75 million guaranteed loan.
But in early May, Rhode Island Economic Development Corporation said that 38 Studios had failed to make a payment, reportedly of $1.1 million, on the loan.
News of the loan — and default — raised hackles among Rhode Island taxpayers, with critics noting Schilling’s acceptance of state financial aid despite his outspoken support for so-called small-government policies.
The only title from 38 Studios was the videogame “Kingdoms of Amalur: Reckoning.” The company effectively closed down operations in late May, laying off roughly 400 staffers.
NEW YORK (MarketWatch) — A videogame maker founded by former pitcher Curt Schilling filed for bankruptcy protection Thursday after weeks of turmoil and amid a report of a law-enforcement investigation.
The company, 38 Studios LLC (named after the number Schilling wore in his playing days) filed with the U.S. Bankruptcy Court in Delaware, claiming liabilities of $150.7 million against assets of just more than $21.7 million. Schilling owns 83% of the firm, according to court filings.
The star baseball player’s 38 Studios moved to Providence, R.I., from Massachusetts after the state in late 2010 promised the company a $75 million guaranteed loan.
But in early May, Rhode Island Economic Development Corporation said that 38 Studios had failed to make a payment, reportedly of $1.1 million, on the loan.
News of the loan — and default — raised hackles among Rhode Island taxpayers, with critics noting Schilling’s acceptance of state financial aid despite his outspoken support for so-called small-government policies.
The only title from 38 Studios was the videogame “Kingdoms of Amalur: Reckoning.” The company effectively closed down operations in late May, laying off roughly 400 staffers.
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