ATHLETICS: Johnson's Grand Slam Track files for bankruptcy after troubled debut season

Grand Slam Track (GST), the start-up track and field league launched by former Olympic champion Michael Johnson, has filed for Chapter 11 bankruptcy protection in Delaware as it works to stabilize its finances following a turbulent inaugural season, the organization announced Thursday.

The filing follows a rocky debut year marked by multiple setbacks. GST canceled its season finale in Los Angeles, shortened its Philadelphia event from three days to two, and struggled to pay athletes after committed funding reportedly fell through. Attendance was also low at the opening meet in Kingston, Jamaica. In August, Johnson acknowledged that the league had been unable to meet its promised payment timelines.

GST said the court-supervised restructuring process will allow the league to streamline operations, reduce costs, and address outstanding liabilities while positioning the organization for long-term growth. The league, which had offered unusually high prize money in an effort to attract elite athletes, is in the process of finalizing debtor-in-possession financing.

“Grand Slam Track was founded to create a professional platform that reflects the talent and dedication of this sport’s athletes,” Johnson said in a league statement. “While GST has faced significant challenges that have caused frustrations for many — myself included — I refuse to give up on the mission.”

Nicholas Rubin, the league’s chief restructuring officer, said the bankruptcy process would strengthen ongoing discussions with potential investors and help rebuild relationships with athletes and partners.

GST has stated that it intends to return with a 2026 season once its financial obligations are resolved. -Janina Nuno Rios in Mexico City; editing by Clare Fallon/Reuters