Michael Johnson accused of paying himself $500k amid collapse of his Grand Slam Track project

• Michael Johnson allegedly paid himself $500,000 (£370,000) days before his Grand Slam Track (GST) project collapsed.
• The legal filing, made at the US bankruptcy court in Delaware, claims Johnson "secretly” paid himself while GST owed millions to athletes and other creditors.
• Creditors also accuse Johnson of "feigning to the public" his concern for athletes' interests and prioritising payments to high-profile athletes to limit reputational damage.
• GST, which filed for bankruptcy in December, is further accused of falsely claiming it had $30m in funding, when only $13m had been raised.
• GST has denied the allegations, stating the payment to Johnson was a reimbursement for millions he had advanced for the project's operating expenses.

IN FULL

Michael Johnson accused of ‘secretly’ paying himself $500,000 as Grand Slam Track collapsed