Leading athletes still waiting on large sums owed by ill-fated Grand Slam Track
GST founder Michael Johnson said he ‘got the athletes paid’
TL;DR
- Athletes from Michael Johnson's Grand Slam Track (GST) have received only 50% of their earnings nearly 15 months after the venture's collapse.
- Vendors have so far received only 14% of the money owed to them.
- Michael Johnson claims to have secured funding and ensured athletes were paid, with remaining funds placed in an escrow account.
- The distribution of funds is now handled by Force10 partners under bankruptcy court supervision, not directly by GST.
- High-profile athletes, including Josh Kerr and Sydney McLaughlin-Nevrone, are reportedly owed over £100,000.
- World Athletics president Sebastian Coe contrasted the Ultimate Championship's financial stability with GST's issues, guaranteeing athletes would be paid on time.