The failure of Curt Schilling's video game company is well-documented, but the magnitude of his 38 Studios collapse is hard to comprehend.
Schilling dropped by WEEI's Dennis and Callahan on Friday to discuss a number of topics, including the collapse of his Rhode Island based company. The former major league hurler said that he invested just north of $50 million as part of the business endeavor, and he has since lost it all.
"I'm tapped out," Schilling said.
One of the hardest parts of the entire process, according to Schilling, was sitting his family down to explain the "life-changing" situation.
"I sat down with my family and explained about a month ago to them that 38 Studios was probably going to fail and go bankrupt and that the money that I earned and saved during baseball was probably all gone, and that it was my fault," Schilling said.
The 45-year-old was confident that his video game company would pan out, and that obviously wasn't the case. The former big leaguer, who won two World Series titles in Boston, said he isn't looking for sympathy, though. Instead, he's shouldering much of the blame.
"This was always a potential, but never in my wildest dreams did I ever expect we'd be either here or close to here up until about two months ago," he said of the situation. "It all happened so fast. It's been kind of a surreal 60 days, 75 days."
Check out the video above to hear more from Schilling.
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