$7,300 in cash, $30M in debt: Why Grand Slam Track isn’t dead yet

January 15, 2026

After filing for Chapter 11 bankruptcy last month, Michael Johnson’s Grand Slam Track faced its creditors for the first time Wednesday at a federally required creditors’ meeting.

During the creditors’ Zoom meeting, known as a Section 341 hearing, the league revealed it had just $7,300 in cash on hand. With more than $30 million in outstanding debts, we imagine many of you assume that means the ambitious startup league is finished. LETSRUN.COM