Athletes remain unpaid 15 months after Grand Slam Track collapse

The Guardian Sport1 min read • Latest: Sep 11, 2026, 6:00 PM

Last updated Sep 11, 2026

Athletes remain unpaid 15 months after Grand Slam Track collapse
Summary

Athletes previously associated with the Grand Slam Track venture are still waiting for half of their earnings nearly 15 months after the organization filed for bankruptcy. Founder Michael Johnson maintains that he ensured the athletes were paid, but funds remain locked in an escrow account. The issue persists as many of the same competitors gather in Budapest for the Ultimate Championships. This event features a $10 million prize fund, which is the largest in the sport's history, with individual event winners set to earn $150,000. The continued delay in receiving payments from the defunct track circuit remains a point of concern for participants while they compete in the current tournament.

Source Links
Key Details
  • Grand Slam Track athletes have received only 50% of their total earnings.
  • The collapse of the Michael Johnson venture occurred nearly 15 months ago.
  • Disputed funds remain held within an escrow account following bankruptcy proceedings.
  • The Ultimate Championships in Budapest offers a $10 million prize fund.
Latest Updates
  • 6:00 PMThe Guardian SportLeading athletes still waiting on large sums owed by ill-fated Grand Slam Track
What they're saying
"

GST founder Michael Johnson said he ‘got the athletes paid’ Money stuck in escrow account after bankruptcy filing Grand Slam Track athletes have still only received 50% of their earnings nearly 15 months on from the collapse of Michael Johnson’s ill-fated venture. Many of the Grand Slam stars are at the Ultimate Championships here in Budapest, where they will compete for a $10m prize fund, the richest in the sport’s history, with first prizes of $150,000 for individual events. Continue reading...

Related Teams & Leagues

Sources

External links

Original reporting and copyright belong to the linked sources. SportsNewsReport.com aggregates and links — it does not republish full articles.

Related Stories

Last 14 days