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Grand Slam Track Files for Bankruptcy, Owes Millions

12/16/2025

Summary

Story summary

Grand Slam Track (GST), founded by Michael Johnson, filed for Chapter 11 bankruptcy, owing millions to athletes and vendors.
Notable athletes include Sydney McLaughlin-Levrone, Gabby Thomas, and Josh Kerr, with McLaughlin-Levrone owed $356,250.
Top 20 creditors are owed about $9.45 million, with overall debts potentially reaching $20 million.
Poor attendance led to the cancellation of the final competition in Los Angeles, triggering bankruptcy and a restructuring plan.

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Story summary

Grand Slam Track (GST), founded by Michael Johnson, filed for Chapter 11 bankruptcy, owing millions to athletes and vendors.
Notable athletes include Sydney McLaughlin-Levrone, Gabby Thomas, and Josh Kerr, with McLaughlin-Levrone owed $356,250.
Top 20 creditors are owed about $9.45 million, with overall debts potentially reaching $20 million.
Poor attendance led to the cancellation of the final competition in Los Angeles, triggering bankruptcy and a restructuring plan.