Schilling “Tapped Out” Financially, Employees “Have Every Right to be Upset”

June 22, 2012 Written by Alex Osborn

The downfall of 38 Studios has becoming one the most puzzling tragedies in gaming this generation. Studio founder Curt Schilling recently shared his thoughts on the entire matter and how hard this has been for everyone involved.

In a radio interview on WEEI (via The Boston Globe) Schilling said flat out that he is “tapped out” of funds. “The money I saved and earned playing baseball was probably all gone … Life is going to be different,” he said he told his family last month. Now that the company has had to file for Chapter 7 bankruptcy, the Rhode Island taxpayers (like myself) will be on the hook for $12 million annually until 2020 to cover the studio’s debt.

With regard to the former employees of 38 Studios, Schilling offered his sympathy. “The employees got blindsided. They have every right to be upset. I always told everybody if something were going to happen, you’re going to have a month or two of lead time, and I bombed on that one in epic fashion,” he said.

The former Red Sox pitcher went on to add that they were in talks for a $35 million deal to get a Kingdoms of Amalur: Reckoning sequel up and running, but thanks to a few disconcerting statements from Rhode Island Governor Lincoln Chafee, the deal fell through.