Overview

• Grand Slam Track failed to pay over $3 million owed to Kingston winners by its end-of-July deadline and now owes athletes at least $13 million in prize money and appearance fees across three meets.
• Founder Michael Johnson attributed the shortfall to a key investor’s withdrawal of an eight-figure commitment from the league’s initial $30 million funding pool.
• The abrupt cancellation of the June Los Angeles finale saved roughly £2.2 million in costs but highlighted the league’s severe liquidity constraints.
• Olympic medalists Gabby Thomas and Grant Fisher have publicly demanded overdue payments and warned that lingering debts could undermine athlete and investor confidence.
• Organizers say incoming investor funds are imminent and plan to process delayed payouts by autumn, a timeline critical to restoring credibility and preserving hopes for a 2026 season.