Athletes from bankrupt track league have now been paid - Johnson
Summary
Michael Johnson, founder of the bankrupt Grand Slam Track (GST) league, has confirmed that all athletes owed money have now been paid. He explained that the league faced severe money problems after investors withdrew, and he personally loaned $2 million to cover athlete expenses and halted his own salary.Key Facts
- Grand Slam Track was founded by Michael Johnson in 2024 and filed for bankruptcy in December 2025.
- The final GST event in Los Angeles was cancelled due to financial issues.
- Several top athletes, including Josh Kerr and Matthew Hudson-Smith, were owed more than £100,000.
- GST had debts exceeding $30 million according to the Association of Athletics Managers.
- Johnson was accused of secretly paying himself $500,000 before the collapse, which he denies and says was actually reimbursement for expenses he covered personally.
- Johnson loaned $2 million of his own money to help pay athletes and stopped taking his salary.
- He has expressed regret and stress over the situation and its impact on his reputation and family.
- Johnson has been a BBC commentator since 2001 but paused this role to focus on GST.
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