Last Updated: 11/12/25 8:49pm
Grand Slam Track, the athletics series founded by Olympic champion Michael Johnson, has filed for bankruptcy in the United States after struggling with cash flow and poor attendances.
Launched in 2024, GST held events this year in Kingston, Jamaica, and in Miami and Philadelphia in the United States. The fourth and final event, scheduled for Los Angeles in June, was cancelled amid financial troubles that left the league unable to pay athletes and vendors.
Johnson, 58, said: “Grand Slam Track was founded to create a professional platform that reflects the talent and dedication of this sport’s athletes. While GST has faced significant challenges that have caused frustrations for many – myself included – I refuse to give up on the mission of Grand Slam Track and the future we are building together.”
According to the public bankruptcy filing, GST reports up to $50,000 in assets and between $10,000,001 and $50,000,000 in liabilities, with between 200 and 999 creditors. The filing was signed by GST president Michael Johnson, chief operating officer Steve Gera, and attorney J. Rudy Freeman.
In August, after GST announced competition would not resume until athletes were paid and effectively put the 2026 season on hold, Johnson said: “The cruellest paradox in all of this is we promised that athletes would be fairly and quickly compensated. Yet, here we are struggling with our ability to compensate them. We were devastated when we learned we would not receive the funding committed to us. We worked tirelessly alongside our investors and board to find a quick solution to the problem. Up until and even after the LA postponement, we were getting positive signs that a solution was close. However, we determined the best thing to do would be to conclude our season early to avoid further losses and start the lengthy process of stabilising the company to get back on track. But unfortunately, we saw circumstances change in ways beyond our control.”