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The Boston Globe

Business

Schilling’s firm lacks funds to make loan payment to R.I.

Rhode Island’s governor said Thursday that former Red Sox pitcher Curt Schilling’s troubled video game company is making a $1.1 million payment it defaulted on this month, prompting worries about its solvency and the possibility the state might have to step in to pay its debts.

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Comments

Schill bounces one in the dirt, but Tek isn't there to keep it from rolling to the backstop.

Let this be a lesson to government agencies and politicians who think they are smarter than the pros at early stage, highly speculative investments.