Overview

• Grand Slam wired partial payments on Friday after closing an up to eight-figure infusion from its initial investor group, with athletes receiving 50% of owed prize and appearance money.
• Roughly $5.5 million of the new funding went directly to athletes from the three staged meets, confirmed by a league memo and athlete representatives.
• The league still carries about $19 million in liabilities, including roughly $11 million to athletes and around $8 million to vendors.
• Winners Alliance coordinated the emergency raise of approximately $5 million to $10 million from existing investors, and the cash will also cover salaries for fewer than 10 remaining employees.
• Executives plan to renegotiate vendor bills, including $77,896 owed to Miramar, and say any leftover funds could go back to athletes as they work over 60 days to stabilize and evaluate prospects for 2026.