Schilling opens up about 38 Studios bankruptcy

BOSTON (WHDH) -- "I failed them:” those are the words of Curt Schilling who -- in a rare public event -- spoke about his bankrupt video company Friday.

The former Sox pitcher admitted things have been tough.

"It’s been hard, but life is hard. This is not somebody else's fault. I took a shot and tried to create something world changing and it didn't work out," Schilling said.

Former Red Sox ace Curt Schilling opened up about the bankruptcy of 38 Studios, and he said the hardest part was the layoffs.

"I had a family of 400 people that I was responsible for and I failed them. And that was the devastating and challenging part, and helping them all get back on their feet, most of them have, there are still some situations to take care of, that was the devastating part to let them down," Schilling said.

38 Studios went bankrupt after getting a $75 million loan guarantee from the state of Rhode Island. The company released just one game.

"It’s frustrating, I wished it would have turned out differently but you make mistakes and as long as you learn from them, and as long as you try and do the right thing, you got to take it as it comes," Schilling said.

Schilling blamed Governor Lincoln Chafee’s administration for the failed company, and Chafee has blamed Schilling.

Asked if Rhode Island will ever see any of the money loaned to him, Schilling said, "I don't know, you'll have to talk to the governor."

Schilling lost his baseball fortune when the company collapsed and he told reporters the one thing that gets him through this, is his faith in God.

Schilling was inducted into the Red Sox hall of fame at Fenway on Friday.