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≡ GRAND SLAM TRACK ≡
The Grand Slam Track circuit showed assets of $0-50,000 and liabilities of $10-50 million on a U.S. Bankruptcy filing dated 11 December 2025 in the District Court of Delaware, with the organization now in the hands of a Chief Reorganization Officer, Nicholas Rubin.
The petition was signed by Grand Slam Track founder Michael Johnson, Grand Slam Track President Stephen F. Gera and attorney J. Rudy Freeman, and the form reports between 200-999 creditors.
The Grand Slam Track statement included:
“GST intends to utilize the Chapter 11 process to stabilize its finances, implement a more efficient cost and operating model, and position GST for long-term success. Earlier this year after committed financing fell through, GST undertook extensive efforts, in consultation with its advisors, to address its liquidity challenges and sought to negotiate payment arrangements that would provide a meaningful recovery to stakeholders. However, a court-supervised reorganization was deemed the most prudent path forward as these efforts continue.
“With a rightsized financial profile, the League will have the ability to return for future seasons and pursue new initiatives – including through the expansion of participatory events, enhanced media offerings, and deeper connections with the global running community – ultimately with the goal of executing on its vision of transforming track into a unified, globally commercialized sport.
“Michael Johnson, Founder of Grand Slam Track, said: ‘Grand Slam Track was founded to create a professional platform that reflects the talent and dedication of this sport’s athletes. While GST has faced significant challenges that have caused frustrations for many – myself included – I refuse to give up on the mission of Grand Slam Track and the future we are building together.’
“Nicholas Rubin, Chief Restructuring Officer, said: ‘These steps will allow GST to address its outstanding liabilities while continuing constructive discussions with interested investors. Ultimately, the goal of the reorganization is to create a more efficient operating structure, enhance athlete and partner relationships, and provide the League with a platform for future success.’”
The circuit has been reported to owe as much as $19 million after holding three meets, in Kingston (JAM), Miramar, Florida and Philadelphia, Pennsylvania and then canceled its final scheduled meet at UCLA’s Drake Stadium in Los Angeles.
A request by Grand Slam Track for its non-athlete vendors to take 50 cents on the dollar – with a 5 December 2025 deadline – was rejected by multiple creditors, notably including World Athletics. As was noted in the offer, the result was bankruptcy, although the filing was in Chapter 11 for reorganization, not for Chapter 7 liquidation.
The letters sent to creditors indicated that there was “an outside party” interested in acquiring Grand Slam Track, but only if “debt-free.”
So, now the search for investors continues and any 2026 meets are extremely unlikely. Whether Grand Slam Track survives in any form is questionable, and the outcome of the effort will be to poison any promises made to athletes by any new concept that comes along without accompanying proof that they will – without doubt – be paid, and in full and on an agreed schedule.
Observed: All of this comes at a time when American track and field is experiencing a golden era of achievement on the field. But now Grand Slam Track is in bankruptcy and USA Track & Field started 2025 with negative net assets of more than $6 million. Moreover, the backbone of the U.S. development system – collegiate track – is under attack like so many sports due to the changes in rules that send most of the money collected by universities to football and basketball players.
How long can this go on?
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