The owner of the now-defunct 38 Studios Curt Schilling has said $50 million of his personal money was invested into the developer.
Schilling opened up about the demise of 38 Studios for the first time since they went into bankruptcy earlier this month, which led to around 400 employees being laid off. Schilling stated that the failure of the Kingdoms of Amalur: Reckoning developer cost the former Red Sox player his baseball fortune. He said he told his family:
"The money I saved and earned playing baseball was probably all gone… Life is going to be different."
He added that he never had any financial gain from the studio, as well as admitting the employees were "blindsided."
"I put everything in my name in this company. I believed in it. I believed in what we built. I never took a penny in salary. I never took a penny for anything.
"The employees got blindsided. They have every right to be upset. I always told everybody if something were going to happen, you’re going to have a month or two of lead time, and I bombed on that one in epic fashion."
Kingdoms of Amalur: Reckoning shipped more than one million units, but despite its commercial success, 38 Studios still owed $75 million to Rhode Island (plus interest), which will now fall in the hands of the state's tax payers.