Friday, July 27, 2012

Curt Schilling Faces Further Money Troubles

(Mark Boster/Los Angeles Times)
Former Red Sox hero Curt Schilling got more bad news today, as Brookline Bancorp announced it had "set aside" $4.2 million for loan losses connected to Schilling's failed 38 Studios gaming company. Brookline Bancorp says it loaned 38 Studios $9.6 million, and is attempting to recoup around $7 million it is still owed. In addition, Citizens Bank is suing Schilling personally for $2.4 million that bank gave his company under personal guarantee. An article in August's Boston Magazine speculates that Schilling may face personal bankruptcy before this entire mess ends.