Michael Johnson addresses backlash over Grand Slam Track financial issues

Michael Johnson responded to backlash surrounding Grand Slam Track's financial collapse during a media appearance on August 9, 2026. The organization filed for bankruptcy, leaving athletes unpaid, with Johnson revealing he had reimbursed himself for athlete hotel expenses while also loaning $2 million to the company. Since then, he confirmed that outstanding payments to athletes have been addressed. This situation stemmed from key investors withdrawing support, leading to a significant financial shortfall for GST, which reportedly owed over $40 million, including substantial sums to notable athletes.

• 1:35 PMYahoo Sports — "It Was Disappointing": Michael Johnson Explains Backlash Over Taking Money From Grand Slam Track