Grand  Slam  Track , in a race to settle its major financial debts have spent  617  thousand  935  US dollars  in  January  this  year.

This  after  the  Michael Johnson,  founded  organisation filed for chapter 11 bankruptcy in Delaware on December 11, 2025

Most of this money – $440,000 – went to lawyers  with another $25,000 to  another  set  of  lawyers,  while almost $90,000  was  allocated for   payroll and medical insurance.

Grand Slam Track received $1 million of the $2.305 million loan available from winners alliance for bankruptcy support to pay for all of this, and now has a total indebtedness of $41.68 million.

The next step is consideration  at  a  March  12  hearing   of a proposed reorganization plan.

This  will  see   athletes  being  payed about 85% of what they are owed and almost nothing to the unsecured vendors and suppliers.

11  Jamaican  athletes  are  owed  a  total  of  536 thousand  625 dollars led by  Ackera  Nugent  who  is  indebted to the tune of  137,500 dollars.

The league which began in Kingston in April last year, was then staged in Miramar Florida, and later headed to Philadelphia, before the fourth stop slated for Los Angeles in June 2025, was canceled,