NEW: Schilling Posted Bloody Sock as Collateral for Loan
Thursday, October 04, 2012
Former Red Sox star Curt Schilling posted the infamous bloody sock he wore in game six of the 2004 American League Championship Series as collateral for a loan from BankRI, according to the Boston Globe.
Schilling also posted a baseball cap worn by Lou Gehrig, a collection of World War 2 memorabilia and his stake in a private equity business. Schilling has also put his Medfield mansion on the market for $3.5 million.
The collateral may be sold as part of Schilling’s attempt to pay back millions of dollars in loans taken out for his failed video game company, 38 Studios. Schilling’s company filed for bankruptcy earlier this year less than two years after receiving a $75 million state-backed loan guarantee to move his company from Massachusetts to the Ocean State.
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Schilling, who earlier in the week was featured in an ESPN documentary on athletes who have gone broke, has said he poured more than $50 million of his own money into 38 Studios.
