Grand Slam Track Owes More Than $31 Million, New Filings Show

December 22, 2025

Grand Slam Track’s latest bankruptcy filings show the league is in dire financial straits.

The league is requesting court approval to receive more cash from Winners Alliance, its former-minority-investor-turned-lifeline. The move is a standard part of the bankruptcy process, one expert tells Front Office Sports, but the new documents contain previously unreported information about Grand Slam’s finances.

The track startup founded by Olympic champion Michael Johnson held three meets this spring featuring some of the sport’s biggest stars, promising to pay them big sums in appearance fees and a whopping $12.6 million in prize money. Then in July after canceling its fourth meet, Johnson revealed on Front Office Sports Today that, despite proclaiming earlier that his league had more than $30 million in its coffers, an investor had reneged on a deal and caused a “major, major cash flow issue.” FRONT OFFICE SPORTS