Michael Johnson announced that Grand Slam Track will cease operations until debts from the 2025 season are resolved. The circuit, launched as an alternative to the Diamond League, attracted top athletes with the promise of high payouts but has failed to meet its financial obligations, owing around $13 million. The company's inaugural season faced increasing costs, leading to the cancellation of events, including the finale. Johnson expressed the difficulty of disappointing the athletes who were promised fair compensation and emphasized the need to stabilize the organization before continuing operations.
Grand Slam Track will not continue in 2026 until athletes receive their prize money from this year, according to founder Michael Johnson.
Grand Slam Track launched in 2025 as a high-paying alternative to the Diamond League, offering substantial salaries for athletes and substantial incentives for race winners.
Organizers have acknowledged owing approximately $13 million to athletes and cited financial mismanagement and failed investments as the primary reasons for their current struggles.
Michael Johnson expressed his deep disappointment and regret about failing to meet the promises made to athletes regarding timely and fair compensation.
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