Says they need to pay off their athlete compensation and debt before a 2026 season
LetsRun.com wrote:
Says they need to pay off their athlete compensation and debt before a 2026 season
Grand Slam Track's next big announcement will be bankruptcy.
ABSOLUTELY SHOCKED!
Is anyone shocked?
More word salad from MJ that says absolutely nothing. Talking and dancing around the subject. Still pointing fingers at other people instead of taking accountability. Sad and pathetic all around.
The statement from Michael Johnson is total nonsense. He's acting as if he is the one who decided not to have a 2026 season until everyone gets paid.
The reality is that without getting paid for the 2025 season, no faculty will rent him their track. No timing companies would agree to do their meets. And no athletes would agree to run.
Who does he think he's fooling?
He really does just refuse to be accountable for anything. This is more word salad tossed around. Pointing fingers and blame. Not committing to dates or even fulfilling the obligation. A bunch of pie in the sky fluff. What a disgrace - he could’ve just left his legacy alone and we all would’ve been good. Now it’s pathetic to watch.
Nobody signing up for 2026. Might as well bankrupt it.
The Grand Scam is coming to an end, and what a Scam it does. Truly Grand.
Wait, you mean that the first reason they gave for the shortened season, that the league was just soooo successful, was a lie and it was always about the money? I am SHOCKED!
*I mean it was, not does. Truly Grand.
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why doesn’t he apologize? Letter was pretty good though otherwise.
PNWundertaker wrote:
More word salad from MJ that says absolutely nothing. Talking and dancing around the subject. Still pointing fingers at other people instead of taking accountability. Sad and pathetic all around.
Yeah pretty much. How are you going to sign a nonbinding deal for money that is over a million dollars. That’s on him lol.
The level of prize money was always gonna be suicidal for the league. Completely delusional.
I won't miss it. Get those athletes back to Diamond League thanks.
Not just over a million dollars, it's reported to be 8 figures to be more specific. Which means it a big part of their budget that was built on some loose commitment. Maybe even more, we don't know about the other sponsors after Kingston.
Seems odd to put the line “that is success to me.” before getting into the lack of payment. A successful meet includes compensation…
anyway, it truly seems Johnson—and by that, I mean, his legal folks and other advisors—somehow made a massive error and mistook the promise of funding for actual money. Okay, maybe MJ didn’t read the fine details, but the legal team either messed up bad, or understood it perfectly well and kept it from him (doubtful), or MJ knew the whole time that this was on shaky ground. Regardless, it’s on MJ.
How are they going to make sure this never happens again? Surely that starts with a new legal team and set of advisors right
This grand slam thing was a failure from the start. Track and field has always been a somewhat niche sport and the thing holding it together has been diamond league. When Usain Bolt left it decreased in popularity fast. People just want to see world records broken and then the world record holders to stand by their titles at Championships. I don’t get what grand slam brought to the sport as it has always been a simple sport of the fastest man or woman going from point A to B. Grand slam gave high school meet varsity kind of vibes. It didn’t revolutionize the sport because the sport succeeds in its simplest terms : minimal drug testing to help athletes run the fastest times possible in their best event and cash to motivate them.
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