Grand Slam Track Initiates Major Reorganization for Future Growth and Stability

Grand Slam Track Takes Action for Sustainable Growth

In a bold move to pave the way for its future, Grand Slam Track™ (GST) has announced plans for a significant reorganization intended to underpin sustainable growth and enhance its financial stability. This initiative comes as GST faces challenges in maintaining its operations amid financial constraints. By filing a voluntary petition for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware, GST aims to leverage the legal process to revamp its financial structure and operational efficiency.

Founded by the legendary four-time Olympic champion Michael Johnson, Grand Slam Track is recognized as a pivotal player in the world of elite track competition. The organization has garnered attention for its commitment to redefining the sport through head-to-head competitions that celebrate athletic rivalries. However, the organization's financial trajectory took a downturn this year when anticipated financing arrangements fell through.

During the initial part of the year, GST engaged in extensive discussions with potential investors and sought to address its liquidity challenges. The management team, along with their advisors, explored various strategies to stabilize the company but found that a court-supervised restructuring was now the most viable pathway.

Michael Johnson, the founder of Grand Slam Track, expressed his unwavering commitment to the organization's mission, despite the setbacks. He stated, “While GST has faced significant challenges that have caused frustrations for many – myself included – I refuse to give up on the mission of Grand Slam Track and the future we are building together.” His words reflect a strong determination to ensure that GST can thrive and continue to provide a platform that showcases the talents and dedication of athletes in track and field.

The restructuring plan is designed to achieve several key objectives: stabilizing finances, streamlining expenses, and improving the overall operational model. With a more focused financial profile, GST hopes not only to survive but to return to action in future seasons, introducing new initiatives that resonate with the global running community. Among these plans are the expansion of participatory events, enhanced media coverage, and fostering deeper connections with fans, all as part of a vision to transform track into a unified, commercially successful sport.

Nicholas Rubin, Chief Restructuring Officer at GST, underscored the significance of this reorganization, stating: “These steps will allow GST to address its outstanding liabilities while continuing constructive discussions with interested investors. Ultimately, the goal of the reorganization is to create a more efficient operating structure, enhance athlete and partner relationships, and provide the League with a platform for future success.”

As GST embarks on this critical phase, it is in the process of securing debtor-in-possession financing, which will support its operations during the reorganization process. For stakeholders seeking more information about the Chapter 11 proceedings, GST has set up a dedicated site to ensure clarity and communication throughout the process.

Grand Slam Track aims to emerge from this period stronger and better equipped to achieve its objectives. The support of its fans, partners, and athletes will be critical as the league navigates these challenges toward a promising future. As the inaugural season unfolded in 2025 with successful events in Kingston, Jamaica; Miami; and Philadelphia, the organization is poised to build on this foundation and inspire a new era of track competition that captivates audiences worldwide.

For any inquiries regarding GST's restructuring or its initiatives, interested parties are encouraged to visit GST's dedicated site or contact their claims agent, Stretto.

As Grand Slam Track moves forward, it stands as a testament to resilience and innovation in the face of adversity, showcasing the enduring spirit of track and field.