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Curt Schilling Loses $50 Bucks

  • Oh wait, my bad...that's $50 million

    http://espn.go.com/boston/mlb/story/_/id/8084138/former-boston-red-sox-curt-schilling-says-baseball-fortune-all-gone-company-crash

    mcb0703

  • No matter the reason, that sucks for him and his family.

    National Director of Scouting & Recruiting Analyst @GerryHam247

    Gerry Hamilton

  • Good lord who was advising him. Thats nuts to put that much of your own money into anything unless you consider it pocket change.

    signature image signature image signature image

    A. Morgan. USWNT

    JeezGuy

  • JeezGuy said...

    Good lord who was advising him. Thats nuts to put that much of your own money into anything unless you consider it pocket change.

    Agreed, but you would think he'd be smart enough to realize something was bad wrong before all $50 million were gone though.

    UTK66 ●

  • So he only acts like a know it all

    COACH CUTLIP

  • Who would have thunk you could say that Terrell Owens and Curt Shilling have something in common.

    Grady Wilson ●

  • UTK66 said...

    Agreed, but you would think he'd be smart enough to realize something was bad wrong before all $50 million were gone though.

    He can always try to sell another bloody sock!

    Grady..............I think Shilling and TO have more than this in common..........when the good Lord passed "character" they thought it had something to do with cartoons.

    This post has been edited 2 times, most recently by austinr on 6/22/2012 at 4:23 PM

    "Leadership is wisdom, courage and great carelessness of self"

    austinr ●

  • Maybe he can become a bus monitor

    COACH CUTLIP

  • JeezGuy said...

    Good lord who was advising him. Thats nuts to put that much of your own money into anything unless you consider it pocket change.


    This isn't some story of a player being bamboozled or led astray with bad money management. This guy chose to take a risk as a businessman and bet his financial life on it.

    Many fortunes have been made when people bet their own money on something they believed in. Every single one who has ever lost it all knew that they were striving for the same. Start-ups and entrepreneurial endeavors are not for the faint of heart or those who fear being second-guessed when they fail.

    Yeah, it's imprudent to bet everything on one play, but that's often times how it goes. I respect the guy for going out and trying to build something real, putting his money behind it, and everything that goes with it. The smarter move was to sit on his cash and do nothing, but some folks don't want to live their life that way.

    close to jumping

  • Too much vision and not enough sense, according to Trion Wolds CEO.

    http://massively.joystiq.com/2012/06/06/trion-worlds-ceo-pinpoints-the-failings-of-38-studios-and-star-w/

    Too much production and not enough market, according to industry observer.

    http://massively.joystiq.com/2012/05/25/editorial-learning-from-the-38-studios-disaster/

    Lots of articles linked here about the creation, evolution, products, and collapse of 38 Studios

    http://massively.search.aol.com/search?q=38+studios&invocationType=wl-joystiq

    And for a very (VERY) risque review of Kingdoms of Amalur: Reckoning, you can try Zero Punctuation. You are warned that Ben "Yahtzee" Croshaw is very cranky and very rude. NSFW in most work environments and then some.

    http://www.escapistmagazine.com/videos/view/zero-punctuation/5416-Kingdoms-of-Amalur-Reckoning

    This post was edited by bierce on 6/22/2012 at 4:53 PM

    bierce ●

  • close to jumping said...

    This isn't some story of a player being bamboozled or led astray with bad money management. This guy chose to take a risk as a businessman and bet his financial life on it.

    Many fortunes have been made when people bet their own money on something they believed in. Every single one who has ever lost it all knew that they were striving for the same. Start-ups and entrepreneurial endeavors are not for the faint of heart or those who fear being second-guessed when they fail.

    Yeah, it's imprudent to bet everything on one play, but that's often times how it goes. I respect the guy for going out and trying to build something real, putting his money behind it, and everything that goes with it. The smarter move was to sit on his cash and do nothing, but some folks don't want to live their life that way.

    I think you can classify this as bad money management. Especially with a wife and kids at home. I can understand investing a large chunk of change. If you don't play, you can't win. But all of it? That's just dumb.

    Grady Wilson ●

  • Sonething's not right here. I remember reading that Schilling's actual investment was much smaller, and that money was recouped after the Rhode Island loan. Besides, if you're the owner of a company that's headed for insolvency you make sure you have recovered assets stowed away before bankruptcy. I imagine this is nothing more than Schilling's smoke screen to get the heat off his back. I'm sure he lost a substantial amount, but nowhere near what he is claiming.

    Prometheus7

  • Grady Wilson said...

    I think you can classify this as bad money management. Especially with a wife and kids at home. I can understand investing a large chunk of change. If you don't play, you can't win. But all of it? That's just dumb.

    My point exactly. hell start with $25 million and see where that gets you. The number of failures far exceeds the number of successes.

    signature image signature image signature image

    A. Morgan. USWNT

    JeezGuy

  • This was written in July, 2010, and is both funny and prophetic.

    http://www.golocalprov.com/politics/new-schilling-game-massive-boondoggle-attack/

    June 24, 2011, auditors state “the company will require additional financing to fund future operations.” The report added that there is “substantial doubt about the company’s ability to continue as a going concern.”

    http://bostonherald.com/jobfind/news/technology/view/2022051738_studios_money_troubles_surfaced_last_june

    Right after that, Schilling was seeking new private investors but the company wouldn't return calls from financial reporter wanting to know how much money they need to finish Copernicus and wouldn't comment on fundraising efforts.

    http://articles.boston.com/2011-07-08/business/29752479_1_studios-curt-schilling-gaming-conference

    The ugliest part is probably the bit about the late hires on the hook for multiple mortgages, relocation costs promised months ago but never paid and relocations companies now going after employees, medical bills not covered by lapsed insurance, etc.

    http://www.gamasutra.com/view/news/172303/38_Studios_Spouse_speaks_out.php

    This post was edited by bierce on 6/22/2012 at 6:55 PM

    bierce ●

  • He accused a politician of having an agenda. I am mortified!!!

    "I've heard some of our fans say, 'We were always an SEC school. We just didn't know it," athletic director Bill Byrne said.

    Bevo52

  • I look forward to seeing his fully extended arms for some form of government bailout.

    "Ye shall know the Truth and the Truth shall make you free"

    TexShoe

  • So what you're trying to say is that he lost 50 million shillings? The Leprechaun would be embarrassed

    signature image signature image signature image

    Mitch Connor

  • I wish I had millions to blow ... Or not. Welcome to reality Mr Schilling. Hard for me to feel bad for this guy. He was a hell of a pitcher though.

    sundancekid

  • Ngruk (Curt Schilling) said on March 8, 2010 ...

    The thing is, and I honestly didn't grasp this 4 years ago, all of that needs to be part of a larger plan.

    I think that I think, or did think, much like you guys 4 years ago. Meh! What's a few screenshots? What's in a name?

    Now, umpteen+millions of dollars later, it's not a Meh! issue. What we're attempting is gigantic in so many ways, and much like my game plans for pitching to the Yankees or Mariners or anyone, attention to detail matters in every single thing you do.

    There's a right way, a wrong way, and a perfect way to execute. You don't shoot to be right, you shoot to be perfect and when you spend the money I have spent to hire the kick ass talent we've hired, it makes no sense to get in their way right?

    These designers, marketing and business people all have far more experience and success in their fields than I ever will. Yes, at the end of the day it falls on me, if we f it up it's my fault, but there is a far greater chance of us bungling the execution of this grand plan if I meddle in places I shouldn't.

    Now anyone here will tell you I am FAR from hands off, but also not a tyrant. There is a perfect blend of being involved and being hands off that I am working my ass of to achieve. It's an ongoing struggle for someone that controlled EVERYTHING for 20+ years in the major leagues.

    I think that also highlights what I think is my best asset, and that's being coachable and being ok with not being the smartest guy in the room.

    I only have intolerance for malicious people and people that make the same mistake twice, everything else is part of the learning curve here.

    Let me also add this. I've been a gamer since gaming started, 1980 or 81 I started playing games, from Pong to ASCII Star Trek to Intellivision Baseball. I want the VERY same things every gamer wants. Great games that aren't broke. I can say with confidence that I speak for everyone here in that regard as well.

    Here's the thing, the money part of this? Ya, there is a money part, that money part is completely and totally taken care of if we execute right? If we deliver what I know we feel we are going to deliver we'll have an online ATM in all honesty. We'll make billions. There is so much that goes into that you never ever have to think on it.

    Very much the same way you come to spring training wanting to win the World Series every year. It NEVER falls from the #1 priority of a season, but there are 30 some ST games, 162 regular season games and 10 wins in October before you can honestly think about that being real. That's a nightmarishly long grind of incredibly grueling circumstances.

    I had the honor of being in 4, and being a part of 3 winners. Each time you knew early on in ST it was a realistic possibility, those 4 years were drastically different than the other 19 or so, but not once did I ever think "OMG! We're going to win it all!" until the 9th inning of the clinching game of the WS.

    This is absolutely no different. I know this place and this culture is different because it's literally the one thing everyone here has stated to each other, or to me, at some point. I hear things, see things that make me realize it's not butt kissing conversation. That in and of itself doesn't mean much, but add to the fact I've gamed in the MMO space since 1999, played RPG's since Wizardry, been a fantasy nerd my entire life, and I have no issue with being honest with myself. I know what I am seeing, I know what I am playing, and I know it's different in a good way.

    Everyone will start seeing and hearing things over the next few months as we kick off the public introduction parts of Mercury and Copernicus, some will seethe and scream VERY loudly some nasty stuff, it's all good. I trust that Jason Roberts, Steve Danuser, RA, the artists, the engineers all have done and learned the lessons they needed to learn for us to deliver the next generation of online entertainment experience for our guests.

    I have said it for four years and I truly believe it. I just need you to get 'in the game'. At that point we need to provide you with an experience that makes you ok with leaving WoW, or leaving whatever you're playing, and play our game. If we can't get you to do that, we missed. I can live with that, that's the gamble I made 4+ years ago when this place opened, and the gamble I see being made better and better as each day goes by.

    I am not overhyping or telling you we're going to kick everyone's butt, no, I am saying I think, to date, we've delivered on what we set out to do 4 years ago and are continuing to do so. Ultimately it's going to be your call. You'll make the decision with your $$ and we'll know if we 'nailed it' soon after we launch right?

    * * *

    [On the same day but later in response to a question about development timeline changing]

    It certainly changed that's for sure, and still could. The time line to launch has a direct correlation to the game, and whether it's 'done' or not.

    Done being the operative word.

    http://www.fohguild.org/forums/mmorpg-general-discussion/40053-38-studios-copernicus-mercury-other-stuff-113.html

    The more I read about this, the more I am fascinated by the story, and I mean the story of the MMO project, not the storyline of the fictive universe.

    In the comment above, Schilling is admitting that he didn't know a damn thing about the production demands when he started the company and he knows that 4 years later they aren't anywhere near completion, hasn't a clue when the game will be finished and running, yet he is grandly projecting the thing to be an ATM which will generate billions and falling back on his sports legacy to whip up support, as if he is Michael Keaton's character in Gung Ho.

    A year and a half later and after the State of Rhode Island and Providence Plantations closed the deal for up to $75 million in loan guarantees, he's telling the masses no public money is being used.

    http://www.fohguild.org/forums/mmorpg-general-discussion/40053-38-studios-copernicus-mercury-other-stuff-418.html

    In September 2011, Schilling claims a single player rpg was always on the road map but post MMO.

    http://www.fohguild.org/forums/other-games/43042-kingdoms-amalur-reckoning-50.html#post2151140

    In November 2011, the guy who had claimed he never wanted to get tied to any production company is justifying using EA to produce and distribute KoA and admits EA will get most of the money, this after 38 Studios made the acquisition of Big Huge Games, which company's assets and staff were used to create KoA.

    http://www.fohguild.org/forums/mmorpg-general-discussion/40053-38-studios-copernicus-mercury-other-stuff-739.html#post2203000

    And in March, 2012, when the company is failing to make payment to relocation companies, we have this little gem about how there is no super secret information held by upper management. (OK, so he was talking about the production side of things, not the financial side. It's still morbidly amusing.)

    http://www.fohguild.org/forums/mmorpg-general-discussion/40053-38-studios-copernicus-mercury-other-stuff-812.html#post2316159

    March 2012

    "I can assure you it will not be years between announce and launch of Copernicus."

    One response: "rofl. It's already been years."

    http://www.fohguild.org/forums/mmorpg-general-discussion/40053-38-studios-copernicus-mercury-other-stuff-813.html#post2317793

    bierce ●

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