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≡ GRAND SLAM TRACK ≡
New filings in the bankruptcy proceedings for Grand Slam Track, Inc. show that the organization’s finances are even worse than imagined.
A 221-page Schedules of Assets and Liabilities filed last Thursday (22nd) included:
● $831,385 in property assets, including $143,286 in cash
● $5,020,000 owed to secured creditors
● $68,295 owed to priority unsecured creditors
● $35,591,214 owed to all other unsecured creditors
That’s total debt of $40,679,509 vs. $831,385 in assets. Beyond the cash, the remaining $688260 is tied up with the bankruptcy filing process, including attorneys and the process company.
All of the $5.02 million in secured creditor debt is to investor Winners Alliance, the commercial arm of the Professional Tennis Players Association. However, total debt owed to Winners Alliance also includes another $6.113 million for additional unsecured debt and another $6.0 million it forwarded for a SAFE (Simple Agreement for Future Equity) investment.
A list of 340 creditors are owed a combined total of more than $35.660 million, as many are listed with balances “Undetermined.” These include:
● $3,035,584 to Momentum-CHP Partnership for TV production
● $2,245,565 to founder Michael Johnson for a personal, unsecured loan
● $232,539 to Johnson for unpaid wages and un-repaid travel expenses
● $172,433 to President Stephen Gera for unpaid wages
So, according to the filings, Johnson put in about $2.7 million of his own money on 23 May 2025, trying to save his league, just in advance of the most successful meet, in Philadelphia. He was repaid $500,000 on 4 June 2025.
A long list of athletes are owed money. The top 75 are owed $20,000 or more and include (this is not just prize money, but also appearance fees):
$268,750: Sydney McLaughlin-Levrone
$195,000: Kenny Bednarek
$185,625: Gabby Thomas
$174,375: Melissa Jefferson-Wooden
$173,125: Marileidy Paulino
$168,750: Josh Kerr
$164,375: Alison dos Santos
$147,500: Matthew Hudson-Smith
$141,250: Marco Arop
$137,500: Ackera Nugent
/10/
$122,500: Agnes Ngetich
$119,250: Grant Fisher
$107,500: Cole Hocker
$98,750: Jereem Richards
$96,875: Zharnel Hughes
$91,500: Sasha Zoya
$80,625: Nikki Hiltz
$77,000: Trey Cunningham
$75,000: Salwa Eid Naser
$71,875: Jessica Hull
/20/
$67,000: Jamal Britt
$64,250: Ejgayehu Taye
$63,375: Oblique Seville
$62,000: Trevor Bassitt
$61,250: Caleb Dean
$60,000: Masai Russell
$58,250: Danielle Williams
$57,500: Jasmine Jones
$56,250: Daniel Roberts
$55,500: Andrenette Knight
/30/
$55,500: Chris Robinson
$55,500: Tia Jones
$53,750: Alexis Holmes
$53,570: Yared Nuguse
$51,875: Mary Moraa
$51,000: Emmanuel Wanyonyi
$51,000: Freweyni Hailu
$49,375: Muzala Samukonga
$48,750: Nickisha Pryce
$47,500: Freddie Crittenden
/40/
$46,250: Tsige Gebreselama
$42,000: Alexander Ogando
$42,000: Bella Whittaker
$42,000: Tamari Davis
$39,375: Ronald Kwemoi
$38,750: Roshawn Clarke
$37,000: Dalilah Muhammad
$36,250: Elise Cranny
$34,500: Dylan Beard
$33,750: Steven Gardiner
/50/
$33,125: Nozomi Tanaka
$32,500: Hagos Gebrhiwet
$32,000: Cooper Teare
$32,000: Cordell Tinch
$32,000: Jenna Prandini
$31,500: Rushell Clayton
$30,000: Jasmine Camacho-Quinn
$29,500: Megan Tapper
$28,750: Daryll Neita
$27,000: Shiann Salmon
/60/
$26,000: Anna Cockrell
$26,000: Christopher Bailey
$26,000: Hirut Meshesha
$26,000: Jacory Patterson
$26,000: Nico Young
$25,000: Fred Kerley
$24,500: Dina Asher-Smith
$24,500: Jacious Sears
$24,500: Malik James-King
$24,000: Brittany Brown
/70/
$23,750: Shamier Little
$22,000: Ackeem Blake
$22,000: Andre De Grasse
$21,250: Clement Ducos
$20,750: Medina Eisa
/75/
Dozens more are owed less than $20,000. It should be noted that in another filing, it showed that athletes were paid $4.702 million in the 90 days prior to the filing of the bankruptcy, in line with Grand Slam Track statements that some of the money owed from the Kingston, Jamaica meet was paid.
A parade of other creditors are listed, for production, public relations, music, tents and a lot more. On the promotional side, U.S.-based Citius Magazine is owed $272,916 and Britain’s Athletics Weekly is owed $33,629.
There are debts in all of the Grand Slam Track meet cities, including $77,896 to the City of Miramar, Florida, $135,401 to Penn Athletics in Philadelphia and for the meet in Los Angeles that was canceled, the listing shows $70,399 owed to the UCLA Luskin Conference Center and $350,465 to the W Los Angeles hotel, near the UCLA campus.
The U.S. Anti-Doping Agency is owed $34,119 and track supplier Rekortan is shown as owed $350,000, possibly for the resurfacing of the track in Jamaica’s National Stadium. Prime Time Timing, which worked on the meets, is owed $177,934.
On a separate form, Grand Slam Track showed income in 2025 of $1,829,317, far less than the debts. Grim.
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