Grand Slam Track has not received expected funds and has been unable to pay the athletes who are due money from the fledgling organization, founder Michael Johnson said Friday.

In a lengthy message posted to social media, Johnson said he is “devastated” that Grand Slam Track does not have the means to pay the competitors who took part in three track meets earlier this year.

Front Office Sports reported last month that Grand Slam Track owes the athletes about $13 million in a combination of prize money and appearance fees for the events.

“It is incredibly difficult to live with the reality that you’ve built something bigger than yourself while simultaneously feeling like you’ve let down the very people you set out to help. However, I have to own that,” began the statement that Johnson, a

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