Court filings on Tuesday reveal that the athletes voted unanimously for a proposal to pay them a significant portion of $7 million in prize money.
A MILE. A MINUTE.
Court filings on Tuesday reveal that the athletes voted unanimously for a proposal to pay them a significant portion of $7 million in prize money.
A committee of creditors is seeking to sue Johnson and investor Winners Alliance for alleged actions that ultimately led to the league’s collapse.
In an objection on Friday in U.S. Bankruptcy Court, the creditors said the proposal seeks to “take care of athletes, at the expense of everyone else.”
The sport’s governing body said on Monday that the league should not allocate funds toward any future events unless its creditors are repaid.
In a statement on Friday from the Association of Athletics Managers, the group said existing debts must be paid before new meets are considered.
The loan from its largest initial backer, Winners Alliance, will allow the league to move forward with the next steps of restructuring in January.
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 …
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 …
Sportsbook platform FanDuel banned a bettor on Wednesday who filmed himself heckling Gabby Thomas during a race at Grand Slam Track's Philadelphia meet over the weekend. Thomas competed in the 100m in the women's short sprints race group on Sunday and finished fourth behind the winner, Melissa Jefferson-Wooden. In a social media post, the bettor …