Overview
- Grand Slam Track remains in Chapter 11 after filing in late 2025 and a January court document listed roughly 340 creditors collectively owed about $40 million.
- Johnson says the £372,000 was reimbursement for hotel charges he covered on his personal card and that he personally loaned GST $2 million and raised about $11 million to cover athlete pay.
- Creditors have disputed that account, filing legal papers that described the payment as secret and leaving the transaction part of ongoing bankruptcy litigation.
- Several athletes say they are not certain they have received full payment, with Olympic silver medalist Matt Hudson-Smith publicly saying he does not know if he was paid the $147,500 listed in the court filing while some funds remain in escrow.
- The series collapsed after expected investor funding from groups tied to Eldridge and Todd Boehly failed to appear, leaving unpaid bills, cancelled Los Angeles finale plans and a wider lesson on the risks of star-driven, guarantee-heavy sports startups.