Court Filing Challenges Grand Slam Track's Bankruptcy Plan

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A committee of Grand Slam Track's (GST) unsecured creditors has filed an objection to the league's bankruptcy plan, accusing lead investor Winners Alliance of 'orchestrating' every step of GST since before it was incorporated and 'turning a blind eye' as the league plunged toward bankruptcy. The filing claims Winners Alliance, chaired by billionaire Bill Ackman, prioritized its own interests over those of athletes, vendors, and other creditors owed millions.

Why it matters

The collapse of GST, which claimed it would 'revolutionize' track and field by treating athletes as 'true professionals,' has left more than 150 athletes still owed large sums, including $268,750 to Olympic champion Sydney McLaughin-Levrone. The creditors' objection raises questions about the role of private equity and investor groups in the governance and financial management of professional sports leagues.

The details

The creditors' filing accuses Winners Alliance of having an 'option - but not an obligation' to provide $19 million in additional funding to GST, despite the league claiming it had 'secured' over $30 million in commitments. It also alleges that Winners Alliance, which had two board seats and served as the league's de facto CFO, 'watched or turned a blind eye' as GST was 'run into the ground.' The filing claims the bankruptcy plan unfairly prioritizes athletes over other creditors owed millions, including vendors, hotels, and public institutions that hosted GST events.

• In December 2025, GST filed for Chapter 11 bankruptcy.
• On March 5, 2026, the creditors' committee filed its objection to GST's bankruptcy plan.

What’s next

The creditors' committee has until April 9 to review and vote on Grand Slam Track's bankruptcy plan. If the plan is not approved, the committee has indicated it will pursue litigation against Winners Alliance and GST's management.