Overview

• CEO Michael Johnson said the startup did not receive committed investor funds, which prevented it from honoring its scheduled payment timelines.
• The league failed to pay prize money from its April Kingston meet by the self-imposed July 31 deadline and has not disbursed any fees from the Miami and Philadelphia events.
• Organizers reduced the Philadelphia meet to two days after earlier programming cuts strained resources and attendance fell short of projections.
• World Athletics has warned of closer scrutiny over private athletics ventures and several agents have signaled potential legal action to secure owed funds.
• Johnson stated that clearing all outstanding debts remains the organization’s top priority and that a 2026 season depends on securing new capital.