Grand Slam Track’s Contentious Bankruptcy Is Over. Now What?

April 16, 2026

Grand Slam Track is coming out of bankruptcy.

What comes next for the track startup is still unclear.

Chief Judge Karen B. Owens of Delaware Bankruptcy Court approved Grand Slam’s plan to get out of bankruptcy on Thursday. The move allows Olympian Michael Johnson’s league to begin to pay back some of the millions of dollars it owes to athletes and vendors from its 2025 season and move forward as a company out of bankruptcy.

Grand Slam will pay about $4.9 million to athletes and $1.8 million to vendors. It owes those groups about $7 million and $13 million, respectively. Athletes are getting about 70% back, while vendors are getting about 14%.

The plan is funded by Winners Alliance and Johnson. Winners Alliance is the commercial arm of the Professional Tennis Players Association, chaired by billionaire Bill Ackman. FRONT OFFICE SPORTS