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Michael Johnson Admits Grand Slam Track Is Mired in Debt as Outstanding Payments Mount

Blaming an investor’s withdrawal after President Trump’s tariff announcement, Johnson has secured a Sundial media deal that channels sponsorship revenue to athletes under World Athletics scrutiny.

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Overview

  • Grand Slam Track failed to pay a $30,000 installment due on July 18 and now owes a total of $77,896 for its Miramar, Florida venue rental
  • The league has accumulated more than $13 million in unpaid appearance fees and prize money owed to athletes from Kingston, Miami and Philadelphia events
  • Johnson said a major investor pulled funding following Trump’s global tariff announcement in April, creating an unplanned cash-flow gap
  • A mid-June partnership with media firm Sundial pledges 10 percent of future sponsorship revenue directly to athletes to support a 2026 season revival
  • World Athletics President Sebastian Coe has warned private sports ventures must prove practical and is actively monitoring Grand Slam Track’s ability to meet its obligations