Overview
- Bankruptcy filings in Delaware report roughly $40.68 million owed to about 340 creditors against less than $1 million in assets, with just $1.8 million in 2025 revenue.
- Grand Slam Track requested about $2.9 million in debtor-in-possession financing, including $400,000 earmarked for athlete recruitment for a possible 2026 season before settling 2025 debts.
- The Association of Athletics Managers, representing many top athletes, says it will not support a relaunch unless outstanding payments from 2025 are made in full.
- Top stars listed as creditors include Sydney McLaughlin-Levrone, Kenny Bednarek and Gabby Thomas, with court documents detailing unpaid appearance fees and prize money.
- Commissioner Michael Johnson personally invested more than $2.7 million and is listed as a creditor owed a multi-million-dollar balance.