[MLB] Curt Schilling being forced to sell baseball memorabilia
Curt Schilling, a future HOF pitcher, dug himself a huge financial hole by investing HIS money in a video game company. To cover his part of bankruptcy settlement, he is selling off everything he owns, including baseball HOF items & WW2 memorabilia shown in National museums.
Former Boston Red Sox pitcher Curt Schilling might have to sell or give up the famed blood-stained sock he wore on the teams way to the 2004 World Series championship to cover millions of dollars in loans he guaranteed to his failed video game company. The sock is on display at the National Baseball Hall of Fame and Museum in Cooperstown, N.Y.
Schilling also listed a baseball hat believed to have been worn by New York Yankees great Lou Gehrig and his collection of World War II memorabilia, including some the filing said is being held at the National World War II Museum.
Schilling, who also pitched for Baltimore, Houston, Philadelphia and Arizona and who won the World Series three times, is perhaps best remembered for pitching Game 6 of the 2004 American League Championship Series with an injured ankle that bloodied his sock. The sock now listed as collateral was stained during the second game of the World Series, which the Red Sox won that year for the first time in 86 years.
Schilling also recently put his 20-room home on 26 acres in Medfield, Mass., on the market for $3.45 million.
Schilling has said he invested as much as $50 million in 38 Studios and has lost all his baseball earnings.
Schilling was a good clutch pitcher, having one of the best all-time post season pitching records with 3 World Series titles.
Schilling retired with a career postseason record of 112. His .846 postseason winning percentage is a major-league record among pitchers with at least 10 decisions.
But he missed the key part of owning a business - always use Other People's Money(OPM) and never your own.--
Boulder City, NV
Re: [MLB] Curt Schilling being forced to sell baseball memorabil What a cluster.
So he did use OPM. The taxpayers.
(from Wiki) In July 2010, The Rhode Island board of Economic Development approved a $75 million guaranteed loan to 38 Studios. 38 Studios had promised to bring 450 jobs to the state by the end of 2012. On November 3, 2010, 38 Studios announced the closure of its $75 million financing package in conjunction with the Rhode Island Economic Development Corporation and the relocation of the Maynard, Massachusetts development studio to its new location in Providence, One Empire Plaza, in early 2011.
It was reported on June 7, 2012 that the Rhode Island state police, the attorney general's office, the U.S. Attorney's office, and the FBI were launching investigations into the company.
Schilling formed a business based on his emotional addiction to video games, and RI politicos went along with it...because of his name alone.
I can't count the number of teenage kids (almost all boys) that I have asked what they wanted to be, and most of them indicated a desire to become involved in the video gaming industry.
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I'll just note that the story doesn't say a word about the sale of Schilling's house going to pay off any debts, or that the house was part of any collateral put up to guarantee a loan.
Maybe it was or maybe it wasn't, but the story does not specifically say one way or the other.
I also wonder how much Rhode Island loaned him based on the collateral of a 'bloody sock'.
More to the point actually, I wonder how much they'd be willing loan me if I put up the sweaty gym socks I wore in the '73 Jefferson High School intramural volleyball championships as collateral.
We did sweep the card, after all, not to mention you can still get a good whiff of the crusty stink, even after all these years.
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Schilling created his own game company, set out to make an ambitious game, hired or partnered with a few really talented people to create game content, then released a lousy game that got panned by the gaming community. It's a shame because that game and that company could have been pretty good with a few tweaks.
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I heard a radio interview with him this week, complaining about Bobby Valentine I believe. Schilling sounded upset and frantic. It was weird, I kept feeling like I was going to hear his head explode. Anyone else hear that?
my pants are parched and thirsty
Yes, quite interesting