Monday, February 25, 2013
Curt Schilling's famous "bloody sock" sold for $92,612.50 at auction this weekend. Also, check out some of the other "unique" items that sold during that auction.
The famous "bloody sock" worn by former Boston Red Sox pitcher Curt Schilling during game two of the 2004 World Series was sold at auction on Saturday for $92,612.50 including auctioneer fees, according to the Huffington Post. An anonymous buyer is the new owner of the sock that Heritage Auctions had predicted would bring in $100,000. BaseballNewsSource.com says: The famous sock was loaned to the National Baseball Hall of Fame Museum, but after Schilling’s videogame company “38 Studios” went bankrupt, he decided to put the sock up for auction. Bidding began at $25,000. Schilling defaulted on a $75 million loan from the state of Rhode Island listed the sock as bank collateral in a bankruptcy filing in Massachusetts after investing …
Monday, January 21, 2013
The sock worn by former Red Sox pitcher Curt Schilling is expected to bring in more than $100,000. Online auction starts Feb. 4, live auction is Feb. 23.
The famous bloody sock worn by former Red Sox pitcher Curt Schilling during Game 2 of the 2004 World Series will be auctioned off to help offset debts incurred during the fall of his video gaming company, 38 Studios, reports ESPN.com. According to the story, Chris Ivy, director of sports for Texas-based Heritage Auctions, says online bidding begins around Feb. 4. Live bidding will take place Feb. 23. The sock is expected to bring in more than $100,000. Schilling's outstanding debts are close to $100 million. To read the full story, click here.
Friday, November 9, 2012
Curt Schilling says the lawsuit brought against him by the state of Rhode Island is political.
Curt Schilling said the suit brought against him and others for their role in the now defunct 38 Studios video game company is politically motivated, according to Politico.com Suit was brought against Schilling, and others associated with the failed venture, on Nov. 1 for allegedly misleading the Rhode Island Economic Development Corp. which ultimately approved the $75 million deal. To read Politico's full story, click here.
Friday, November 2, 2012
The case was filed on Thursday in Rhode Island Superior Court.
The state of Rhode Island filed suit on Thursday against Curt Schilling for defaulting on the $75 million loan guarantee for his failed video game company, 38 Studios, according to The Boston Channel. The suit also names the former executive director of the Economic Development Corp. as well as another former EDC official who worked closely on the deal. To hear what Rhode Island Governor Lincoln Chafee's says about filing the suit, click here. The lawsuit alleges, among other things, that Schilling, 38 Studios executives, and others, engaged in racketeering and conspiracy, according to Boston.com. The suit does not ask for a specific dollar amount but wants Schilling and others to repay the bonds and seeks triple damages. 38 Studios …
Monday, October 29, 2012
Most of the items remaining at the 38 Studios offices in Rhode Island were auctioned off last week. Items included animation equipment, office furniture and figurines of owner Curt Schilling.
An auction held last week of items from 38 Studios, Curt Schilling's Rhode Island based video company, raised $650,000 toward the company's outstanding debt of more than $75 million, according to www.Boston.com. According to the article, more than 1,000 people registered to bid Tuesday on what was left of 38 Studios, including sophisticated animation equipment, office furniture, and figurines of Schilling. Rhode Island’s Economic Development Corp. released the dollar figure on Friday. The EDC said earlier that about 95 percent of the items were sold. An initial auction, at a studio in Maryland acquired by 38 Studios, raised $180,000. For the full story, click here. Related stories
Wednesday, October 24, 2012
Office contents from Curt Schilling's former video game company were auctioned off on Tuesday.
The contents of Curt Schilling's now-defunct video game business were up for auction on Tuesday during the second of two auctions held to empty the Providence offices and raise money toward the $75 million (plus interest) 38 Studios owes the state of Rhode Island. The state fronted the former Red Sox pitcher's company the money with which to create and produce the video game "Kingdoms of Amalur: Reckoning." The company laid off its full staff in May and filed for bankruptcy in June. Items at auction on Tuesday included everything from graphic animation equipment to model airplanes Schilling is said to have made and kept in his office, according to www.boston.com. Receive updates to this story and other breaking news in your inbox or …
Thursday, October 4, 2012
Curt Schilling may have to sell his famous bloody sock which was one of many items used to secure financing for his now-failed video gaming company.
Curt Schilling's famous "bloody sock," which he wore in the 2004 World Series, is among the many items the former Red Sox pitcher listed as collateral when he personally guaranteed a portion of the funding for his now-defunct video company. Schilling could be forced to sell the piece of Red Sox history to help pay back millions of dollars in loans he guaranteed for his failed video game company, 38 Studios, reports The Boston Globe. According to a document filed with the Massachusetts Secretary of State’s office, the bloody sock was one of several items used to secure as much as $9.6 million from Bank Rhode Island and $2.4 million from RBS Citizens (also known as Citizens Bank). Items listed on Schilling's UCC financial statement …
Tuesday, October 2, 2012
There will be no federal charges filed against 38 Studios but the Rhode Island investigation is ongoing.
After a "narrow and focused review of 38 Studios," no federal charges will be filed against the company founded by former Red Sox player Curt Schilling, according to The Washington Post. State and federal authorities announced they were looking into the 38 Studios’ finances in June, the same day the firm filed for bankruptcy. The company was lured to Providence from Massachusetts in 2010 by the $75 million state loan guarantee and promised to create hundreds of jobs. Instead, it suddenly collapsed and laid off all its workers in May. At one point, the company was burning through about $5 million per month, according to the Associated Press. The Rhode Island Economic Development Corp. has also hired a law firm to investigate whether anyone…
Tuesday, July 10, 2012
The Boston Herald is reporting Curt Schilling's company will be in bankruptcy court this afternoon.
Tuesday, July 10, 2012
The Boston Herald is reporting Medfield resident and former Boston Red Sox pitcher Curt Schilling's video game company, 38 Studios, is heading to Delaware's federal bankrutcy court as the leaked trailer for a game from the company has gone viral. Project Copernicus Kingdoms of Amalur MMO is showing up on the web. 38 Studios filed for Chapter 7 bankruptcy last month. It is not known whether Schilling would be at 2 p.m. hearing. Read more at: http://www.bostonherald.com/business/general/view/20220710schilling_cos_game_trailer_leaks_as_38_studios_heads_to_court/srvc=home&position=7
Thursday, June 28, 2012
A confidential memo obtained by the Associated Press, says that Curt Schilling's 38 Studios had already filed for bankruptcy before Rhode Island Governor Lincoln Chaffee's made comments about the company's finances.
Thursday, June 28, 2012
Before Rhode Island Governor Lincoln Chaffee made his first public comments about financial problems at Curt Schilling's video gaming company, 38 Studios had already taken its first step towards bankruptcy filing, according to a confidential memo obtained by the Associated Press. Schilling, a Medfield resident, blames comments Chafee made about 38 Studios' money problems for causing the demise of the company. The former Boston Red Sox pitcher's company is now having its financial transactions investigated by federal and state authories. The company owes $150.7 million and had assets of $21.7 million, according to bankruptcy filings. Read the entire story at http://www.chron.com/sports/article/APNewsBreak-Schilling-woes-preceded-Chafee-…