Athletes still await payments after Grand Slam Track bankruptcy

The short version

• Athletes who competed in Michael Johnson's defunct Grand Slam Track venture have received only 50% of their earnings nearly 15 months after its collapse.[The Guardian]
• Four prominent agents report their clients remain owed significant sums following the league's December bankruptcy filing.[The Guardian]
• A spokesperson for Johnson said remaining funds were deposited into an escrow account in May to ensure distribution to athletes.[The Guardian]

Key facts

• Athletes who competed in Grand Slam Track have received only 50% of their earnings nearly 15 months after the venture collapsed.[The Guardian]
• Organizers voluntarily filed for bankruptcy in the United States in December following the league's collapse after three events.[The Guardian]
• Four leading agents stated their athletes are still awaiting large sums owed by Grand Slam Track.[The Guardian]
• A representative for Michael Johnson stated remaining money was placed into an escrow account in May to ensure athlete payouts.[The Guardian]
• Vendors associated with the venture have received only 14% of the payments they are owed.[The Guardian]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.

• Leading athletes still waiting on large sums owed by ill-fated Grand Slam TrackThe Guardian - US