Michael Johnson addresses Grand Slam Track financial collapse issues

Yahoo Sports1 min read • Latest: Aug 8, 2026, 10:25 AM

Last updated Aug 8, 2026

Michael Johnson addresses Grand Slam Track financial collapse issues
Summary

Michael Johnson, a four-time Olympic champion, has spoken about the financial challenges faced by Grand Slam Track (GST) following its bankruptcy in December 2025. In an interview, he revealed that he had loaned GST $2 million to support operations and clarified allegations regarding a $500,000 payment to himself, stating it was reimbursement for expenses incurred on behalf of the league. Johnson described the situation leading to GST's inaugural season and its low attendance at events, particularly the Kingston meet. He expressed the stress he experienced due to the league's collapse and has suggested potential future work with the BBC after stepping back from his role there. The investigation into GST's financial practices continues as creditors seek answers.

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By the Numbers
  • GST filed for bankruptcy in December 2025 after its first season.
  • First event in Kingston had low attendance and faced financial struggles.
  • Johnson claims a $500,000 payment was reimbursement, not a secret payout.
  • He loaned GST $2 million to cover operational costs.
  • Johnson is open to potentially returning to the BBC for coverage.
Latest Updates
  • 10:25 AMYahoo SportsMichael Johnson breaks silence on Grand Slam Track financial disaster
What they're saying
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The four-time Olympic champion has discussed Grand Slam Track’s controversial demise and the financial issues that plagued it

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