Grand Slam Track's ongoing bankruptcy proceeding will continue through the new year as a recent disclosure revealed the extent of the league's debts now stand at $31.4 million. In an interim order issued last week in the U.S. Bankruptcy Court for Delaware, the league's largest initial backer, Winners Alliance agreed to supply it with a …
Sydney McLaughlin-Levrone, Gabby Thomas, Josh Kerr, Kenny Bednarek and Mariledy Paulino are at the top of the shortlist of athletes who are collectively owed more than $1 million in prize money and appearance fees by Grand Slam Track, according to court document disclosures following the league's bankruptcy filing. Last week Grand Slam Track filed for …
Grand Slam Track has filed for Chapter 11 bankruptcy and released a statement on Thursday that served as a update on its status as a league, finances, future plans and commitment to being transparent with its athletes. The statement, titled "To The Grand Slam Track Community," reiterated that financial issues surrounding a key investor hindered …
World Athletics has told Grand Slam Track that it will not accept a partial payment deal for licensing rights, according to published reports. In an article published by The Times on Thursday, the governing body was adamant that athletes who participated in Grand Slam Track's events — and it vendors — must be paid first …
Grand Slam Track has told multiple vendors that it hopes they can accept just half of what they are owed so they the league can avoid going bankrupt, according to published reports. In reports by The Athletic and The Times on Wednesday, several vendors that are owed millions of dollars collectively, were sent letters by …
A lifeline appears to be partially the way for Grand Slam Track as the league received a block of financing from existing investors and has paid its athletes half of what they were owed in prize money, according to a report in Front Office Sports on Friday. The league canceled its last event in June …
Michael Johnson posted an open letter to Grand Slam Track athletes on Friday that addressed months of rumors why the league has been unable to compensate them within a previously agreed time frame. According to Johnson, there were major issues with investor funding that ultimately led to the cancelation of the final meet in June …
Michael Johnson confirmed that financial issues impacted the inaugural season of Grand Slam Track from the start after an investor was apparently unable to meet their full obligation. In an interview with Front Office Sports released on Thursday, Johnson said the investor issue caused problems that would ultimately hinder the league. "We've had a very …
Grand Slam Track owes around $13 million to athletes who participated in three of its events this past spring, according to published reports on Thursday. In a pair of detailed articles from Front Office Sports and The Times, which cite their own separate sources, athletes were only paid appearance fees from the league's inaugural event …
Grand Slam Track will not hold its final event in Los Angeles in late June, according to numerous published reports on Thursday that indicate the abrupt end to the season is due to financial concerns. The meet, which was scheduled for June 28 and 29 at UCLA's Drake Stadium, would have served as the fourth …