Grand Slam Track Files Bankruptcy; Johnson Commits to Moving Forward
Grand Slam Track, the innovative league launched by Olympic sprinter Michael Johnson, has entered bankruptcy as of December 12, 2025. Originally promising six-figure prize money for top athletes, the league faced significant financial difficulties and has canceled its final event. The Chapter 11 filing occurred in Delaware’s Bankruptcy Court.
Financial Overview
When Grand Slam Track began, it boasted a significant initial budget of $30 million. However, the recent bankruptcy filing revealed that the league’s cash reserves have dwindled to less than $50,000. According to the filing, Grand Slam Track has between 200 and 999 creditors and owes an estimated $10 million to $50 million.
Reaction and Future Plans
Michael Johnson expressed his commitment to the league’s vision despite the current challenges. He stated, “I refuse to give up on the mission of Grand Slam Track and the future we are building together.”
Athlete Contracts and Vendor Issues
The league attracted prominent athletes, including world champions Sydney McLaughlin-Levrone, Anna Hall, and Melissa Jefferson-Wooden, with the goal of revamping athletics and increasing its visibility outside the Olympic seasons. However, many athletes are still waiting for substantial payments, with reports indicating that some are owed six-figure amounts.
- Top Athletes Affected:
- Sydney McLaughlin-Levrone
- Anna Hall
- Melissa Jefferson-Wooden
- Vendor Reactions:
- Most vendors rejected offers to accept 50% of their due payments.
Event Cancellations
The league’s financial woes became apparent in June when it canceled its Los Angeles meet, which was intended to be the final event of its inaugural season. This cancellation marked a significant downturn for a league aspiring to reshape the athletics landscape.
Looking Ahead
Despite its current predicament, Grand Slam Track aims to reorganize and return in future seasons. The league plans to explore new initiatives, such as:
- Expanding participatory events
- Enhancing media offerings
- Fostering connections with the global running community
As Grand Slam Track navigates this difficult chapter, stakeholders and fans remain hopeful for a resurgence that lives up to its ambitious beginnings.
