Grand Slam Track files for bankruptcy

Grand Slam Track (GST), the innovative brainchild of US Olympian Michael Johnson, has filed for Chapter 11 bankruptcy, following a premature end to its inaugural season, loss of a key investor, and millions of dollars owed to athletes and vendors. In a report by Citius Mag, it is estimated that GST has a debt of US$19 million, which includes athletes’ prize money, vendor debts and operational costs.