Go look at any newspaper front page from April 5, 2025. Every one of them has banner headlines regarding a reeling stock market and China's 34% retaliatory tariff. That was the terrain when this investor pulled out during Kingston.
Weekends are long and full of fear when there's been a sharp market decline to end the week.
Grant's opinions on the current situation:
Poor Grant Fisher's losing hope of ever getting paid.
The Tariffs didn't affect it - tariff haters go home devastated. When will the tariff haters apologize for lying about the impact of Tariffs?
Worth reading this thread on 'x' for the inside story on what happened financially to GST. Scroll down to read all the posts:
I keeping seeing different names so what I’m understanding is that MJ had possibly multiple investors who were interested but then saw the product in Jamaica (or prior to Jamaica upon realizing MJ was in over his head) and said no thanks. Everyone blaming strictly Ackerman is ridiculous.
This is new info to me. Johnson just spent and spent and spent. From the article:
"The VIP treatment for athletes began in October 2024, when GST flew out signed-up racers and their plus ones to Malibu, where Johnson lives, for content creation, an all-expenses-paid social, and a trip to SoFi stadium in the corporate suites to watch the LA Rams beat the Minnesota Vikings. For track athletes, this treatment was out of the norm."
It appears they were in so much financial trouble after Miami that they almost did not hold the Philadelphia meet:
"In the middle of June, GST gave serious consideration to pulling the third leg of the season in Philadelphia. Johnson and Gera admitted to staff that funding was an issue and only 10 days out from the event, GST were still considering whether to go ahead."
And despite everything that had happened financially up to that point and nearly cancelling Philadelphia, they still gave serious consideration to holding the LA Meet anyway, but at Mt Sac instead of UCLA.
"Negotiations also took place to move the final meet to the cheaper Mt. San Antonio College, before deciding it could not go ahead at all."
Best article yet on the mess that is GST wrote:
And despite everything that had happened financially up to that point and nearly cancelling Philadelphia, they still gave serious consideration to holding the LA Meet anyway, but at Mt Sac instead of UCLA.
"Negotiations also took place to move the final meet to the cheaper Mt. San Antonio College, before deciding it could not go ahead at all."
That makes absolutely no sense at all. Johnson owed the athletes $13 million in prize money already, PLUS he would have owed them an additional several million dollars more in prize money for the LA meet, and he cared about saving a few thousand dollars to move the meet from UCLA to Mt SAC? That's crazy!
