Send News. Want a reply? Read this. More in the FAQ.   News Forum - All Forums - Mobile - PDA - RSS Headlines  RSS Headlines   Twitter  Twitter
User Settings
LAN Parties
Upcoming one-time events:

Regularly scheduled events

Citizens Bank Sues Curt Schilling

RBS Citizens, aka Citizens Bank, is suing Curt Schilling for $2.4 million in loans it made to Schilling's 38 Studios, which recently closed its doors, reports the Boston Globe. The developer filed for Chapter 7 Bankruptcy protection as part of its closure, but the bank says Schilling personally guaranteed this money, which the lawsuit says he "has failed and refused" to pay, calling it "a straightforward matter of liability." Schilling could not be reached for comment. The report outlines other portions of the company's debt that may also turn out to be the former major league pitcher's personal responsibility. Thanks Shacknews.

Post Comment
Enter the details of the comment you'd like to post in the boxes below and click the button at the bottom of the form.

12. Re: Citizens Bank Sues Curt Schilling Jun 15, 2012, 08:11 J
Slashman wrote on Jun 14, 2012, 23:45:
Parallax Abstraction wrote on Jun 14, 2012, 23:41:
Bet wrote on Jun 14, 2012, 22:32:
Court documents indicate Schilling also personally guaranteed a $1.5 million line of credit from Middlesex Savings Bank of Natick. He also used his personal gold coin collection to help obtain a loan from Bank Rhode Island, a unit of Brookline Bancorp. in Brookline, for an unspecified amount, according to records.

In all, Schilling told the Providence Journal last month, he guaranteed $12 million in loans for the company, in addition to investing $38 million directly.

How much did he get paid as pitcher, again?

An article I recently read said he earned like $110M over his pitching career and had about $50M left. Apparently between what he initially invested and other credit facilities he extended the company, he's actually almost broke now. That hasn't been confirmed but he apparently banked almost everything he had in the bank on 38 Studios.

*SIGH* There is the is thing. I forget what it's called...

Oh yeah!! Foresight! Why don't people ever use it anymore?

Captain Hindsight is never wrong! Excelsior!!
Avatar 45926
nin: This forum is headed for a disaster of biblical proportions.
Blue: What do you mean, "biblical"?
xXBatmanXx: What he means is Old BBS, El Presidente, real wrath of SysOp type stuff.
Reply Quote Edit Delete Report
      ;)   ;)   :(   :(   :o   :o   %)   %)   :)   :)   :|   :|   ;P   ;P   X|   X|   :D   :D   More
Login Email   Password Remember Me
If you have a signature set up, it will be automatically appended to your comment.
If you don't already have a Blue's News user account, you can sign up here.
Forgotten your password? Click here.
          Email me when this topic is updated.

Special Codes

  • b[bold text]b
  • i[italic text]i
  • u[underline text]u
  • -[strikethrough text]-
  • c[code text]c
  • +[bullet point]+
  • q[quote text (indented)]q
  • [quote="Author"]quote text (indented)[/quote]
  • [url=Link]text[/url]
  • r{red text}r
  • g{green text}g
  • b{blue text}b
  • m{maroon text}m
  • s{secret text (shows in the background colour)}s

Forum Rules

  1. Disagree all you want but attacks of a personal nature will not be tolerated.
  2. Ethnic slurs and homophobic language will not be tolerated.
  3. Do not post spam, links to warez sites, or instructions on how to obtain pirated software.
  4. Abusing the forums in any manner that could be construed as 'griefing' will not be tolerated.


Blue's News logo