Curt Schilling Baseball Memorabilia Could Be Sold Off to Pay Down 38 Studios Debt

Former Red Sox pitcher and founder of the now bankrupt 38 Studios may be forced to sell memorabilia that is near and dear to his heart (and other assets) to help pay down some of the debt on the $75 million loan he took from the State of Rhode Island.

In a document filed by Curt Schilling with the Massachusetts secretary of state's office (found here PDF), a number of items that are part of his storied past with the Red Sox have been listed as collateral. A lawyer at Boston firm Sherin and Lodgen tells that the filing basically says that Schilling has agreed to sell or give up items.

The items and assets listed as collateral include a bloodied sock he wore when he led the Boston Red Sox to victory in the 2004 World Series, a baseball cap worn by baseball legend Lou Gehrig circa 1927, a collection of World War 2 memorabilia, and proceeds from his investment in a private equity firm StepStone Capital Partners 2 Onshore LP. In addition Schilling listed his home and holdings in a private equity firm.

Source: Polygon


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