What is the total debt of Grand Slam Track (GST)?

Grand Slam Track (GST) has reported total debts of $40.68 million.

How much money is owed to athletes like Sydney McLaughlin-Levrone?

Sydney McLaughlin-Levrone is owed $268,750, with dozens of other athletes also facing substantial unpaid sums.

Who is Michael Johnson and what is his involvement with Grand Slam Track?

Michael Johnson is a four-time U.S. Olympic gold medalist and the commissioner of Grand Slam Track, which he co-founded and personally invested millions into.

Home / Business and Economy / Track League's $40M Debt: Athletes Face Millions in Unpaid Dues

Track League's $40M Debt: Athletes Face Millions in Unpaid Dues

29 Jan

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Summary

Grand Slam Track owes $40.68 million against only $831,385 in assets.
Top athletes like McLaughlin-Levrone are owed hundreds of thousands of dollars.
The league's founders made personal sacrifices amid significant financial pressure.

Track League's $40M Debt: Athletes Face Millions in Unpaid Dues

Grand Slam Track (GST), a league founded by Michael Johnson aiming to revolutionize athletics, has filed for bankruptcy, exposing massive financial distress. As of January 29, 2026, the league reported debts totaling $40.68 million against assets valued at only $831,385. This financial collapse has left numerous elite athletes unpaid, with many owed five and six-figure sums. Sydney McLaughlin-Levrone is owed $268,750, and other stars like Kenny Bednarek and Gabby Thomas also face substantial outstanding payments.

The bankruptcy filings detail that over $640,000 has already been spent on legal and consulting fees related to the restructuring. The league's financial woes extend to numerous creditors, including production companies, construction firms, and marketing agencies, collectively owed tens of millions. Michael Johnson himself invested $2.25 million and is owed approximately $222,000 in unpaid wages, though he did receive a $500,000 repayment shortly before the league's final meet was cancelled.