Earlier this year, Schilling pledged 1,600 gold coins worth an estimated $2.6 million to help secure a Bank Rhode Island loan — collateral that the bank has apparently sold. Brookline Bancorp, which bought Bank Rhode Island earlier this year, has written off much of the $7 million it is still owed for loans related to 38 Studios.
Schilling has previously said that he poured as much as $50 million of his own money into 38 Studios, leaving him “tapped out.” On Tuesday, he was featured in an ESPN documentary about star athletes who burned through their fortunes.
“I never believed that you could beat me,’’ Schilling said in the documentary. “With 38 Studios that was tested and pushed and I lost that game.”