Curt Schilling Denies Taking Rhode Island Money for Video Game Company to Pay Himself

by Austin Pollack on Sun, May 20, 2012 at 2:34PM

It's hard to believe that a guy who was making more than $10 million a season when he was pitching is having financial troubles now.

But Curt Schilling says that's the case.

The former Red Sox pitcher founded video game company 38 Studios, which he based in Maynard, Mass., until moving to Rhode Island for promised tax breaks.

Now, the company is dealing with financial struggles. It failed to make a $1.1 million payment to the state early last week. Then, on Thursday, the company sent a check, but it was denied due to insufficient funds.

"We will find a way, and the strength, to endure," Schilling said on behalf of his company, following the faulty check.

But there have also been reports that Schilling used state funding to pay himself back for what he invested in the company. On Friday, Schilling denied those reports via his Facebook page.

"That is not true," said Schilling, 45.

The three-time World Series champion has said he invested $30 million of his own finances in the company. But the company has also told its investors that it used money from the state to help pay off a credit line worth $2.5 million.

Schilling took no questions, referring inquiries to a public relations group representing 38 Studios instead.

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