PROVIDENCE — Former Rhode Island governor Don Carcieri said he plans to break his silence soon on Rhode Island’s $75 million loan guarantee for former Boston Red Sox pitcher Curt Schilling’s failed video game company.

The Republican, who left office in 2011, told WPRO-AM he will offer the reasoning behind the guarantee for 38 Studios, which laid off its nearly 300 employees in May and filed for bankruptcy protection in June.

‘‘I have been quiet on it, but I have some thoughts on it,’’ Carcieri, a strong proponent of the deal, told the station.

The state Economic Development Corporation in 2010 approved the loan guarantee for 38 Studios to lure it to Rhode Island from Massachusetts. Officials said the deal would mean 450 jobs and millions of dollars in tax revenue for the depressed state, but it was roundly criticized at the time as being too risky.

In a 2010 interview with The Providence Journal, Carcieri said: ‘‘There is only a risk if everything goes wrong.’’

With 38 Studios’ collapse, Rhode Island is probably on the hook for more than $100 million.

The economic development agency’s board this week voted to set up a litigation subcommittee ‘‘as part of the next step of looking into possible legal action related to 38 Studios.’’