Grand Slam Track Made Just $1.8M While Racking Up $40M in Debt

January 27, 2026

The bankrupt running league Grand Slam Track revealed in new court filings that its debts have reached $40 million, and that it made less than $2 million in revenue last year when it launched with three track meets.

The new filings offer the most complete financial picture of the league to date, and show that its debts are about $10 million higher than Grand Slam had previously admitted.

The league founded by Olympic champion Michael Johnson filed documents in Delaware Bankruptcy Court last week detailing the state of its finances. Grand Slam filed for bankruptcy last month after it couldn’t pay back athletes and vendors who participated in its first three-meet season last spring. It filed for Chapter 11 bankruptcy rather than Chapter 7, meaning it technically could still stage a comeback. FRONT OFFICE SPORTS