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Scottish middle distance runner josh kerr is one of the largest lenders grand slam track After The league filed for bankruptcy last weekBritton was owed $218,750.
Documents filed in bankruptcy court in Delaware on Monday included a list of 20 creditors with the largest unsecured claims, adding that Kerr and six other athletics stars collectively owed GST millions.
American sprint star Sydney McLaughlin-Levron Compatriot is owed $356,250 gabby thomas – Olympic 200m champion – and Melissa Jefferson-Wooden – who won gold in the 100m and 200m at this year’s world championships – are still owed $249,375 and $190,625, respectively. Each athlete won individual events as well as one or more Slams, with Kerr winning the Miami Slam and the 1500 meters in Miami, taking home a total of $150,000 in those two events alone.
A broadcasting company is owed more than $3 million, with the total amount owed to the top 20 creditors being close to $10 million. The documents show there are between 200 and 999 creditors. The total amount outstanding is between $10 million and $50 million,
GST, which was founded and launched by many Olympic champions michael johnson In 2024, filed for Chapter 11 bankruptcy in US court last week after months of financial problems.
The league was first held in Kingston, Jamaica in April this year, however due to low attendance a major financial backer withdrew its support after the event.
Subsequent meetings were held in Miami and Philadelphia, later reduced from three days to two, but the final event of the season, scheduled for Los Angeles in June, was cancelled.
Johnson Later admitted that GST could not pay its athletesThis despite the league having promised up to $12.6 million in prize money.
Chapter 11 filing gives GST a chance to reorganize and “stabilize its finances” rather than going through liquidation. GST statement Explaining that the league also wants to use the process to “implement more efficient cost and operating models and set GST up for long-term success.”