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Friday, April 20, 2018

Curt Schilling might have to sell his bloody sock to pay off debt

Curt Schilling’s financial struggles have been well-documented since his video game company, 38 Studios, filed for bankruptcy back in June. Schilling made more than $100 million during his 20-year Major League career, and he reportedly lost every dime of the roughly $50 million he invested in his company. As a result, he may have to pay off his debts using his own blood. No, seriously.

According to an Associated Press report (via the Boston Herald) Schilling listed his blood-stained sock from Boston’s 2004 World Series run as collateral to a bank that loaned him money. He also reportedly listed a hat that is said to have been worn by Lou Gehrig and his WWII memorabilia.

The state of Rhode Island lured Schilling and his company away from Massachusetts with a $75 million loan and is now on the hook for around $100 million as a result of 38 Studios going bankrupt. When Schilling let the baseball Hall of Fame put his famous sock on display, I highly doubt he envisioned he could someday have to part ways with it to help pay his debt. In many ways, it’s the perfect ending to a business deal that couldn’t have gone more sour.

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