Overview
- Grand Slam Track filed for bankruptcy in December 2025 after a truncated inaugural 2025 season that included cancelled Los Angeles plans and poorly attended meets.
- Creditors lodged a March 2026 legal claim accusing Johnson of secretly taking $500,000 days before the collapse.
- Johnson says the $500,000 was reimbursement for expenses charged to his personal card, that he loaned GST $2 million, and that he forwent his salary to help cover costs.
- On Saturday, August 8, 2026, Johnson told reporters that the athletes who were owed money have now been paid, but he did not say the bankruptcy or creditor lawsuits are resolved.
- The episode left athletes temporarily exposed, strained Johnson’s reputation and broadcasting prospects, and raised wider questions about investor oversight and financial safeguards for private sports leagues.