JOURNAL ARTICLE

Michael Johnson's Grand Slam Track League Files for Bankruptcy.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Perdomo, Vanessa 3 of 3

Abstract

The article focuses on the bankruptcy filing of Grand Slam Track (GST), a professional league founded by four-time Olympic gold medalist Michael Johnson. GST reported assets of no more than $50,000 and liabilities between $10 million and $50 million in a Chapter 11 petition filed in Delaware. Despite initial funding of $30 million from investors, including Winners Alliance, the league faced significant financial challenges, leading to the cancellation of its final event and unpaid prize money for athletes. Johnson expressed his commitment to the league's mission, stating that the bankruptcy filing aims to stabilize finances and improve operations. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/12, pN.PAG
  • Document Type:Article
  • Subject Area:Biography
  • Publication Date:2025
  • Accession Number:190208686
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