Overview
- Founder Michael Johnson acknowledged on August 15 that Grand Slam Track failed to receive committed funding after a key investor withdrew
- The league missed its self-imposed July 31 deadline for Kingston prize payouts and now owes about $13 million in prize money and appearance fees
- Organizers canceled the Los Angeles finale and shortened the Philadelphia meet to limit losses amid weak ticket sales
- World Athletics and USA Track & Field have said they are monitoring the situation as athletes, agents and vendors await settlements
- Grand Slam Track will not move forward with a 2026 season until its 2025 obligations are met and fresh investment is secured