Grand Slam track make 50 percent payment of outstanding money to athletes

The embattled Grand Slam Track League has narrowly avoided collapsing after receiving emergency financing from existing investors and have begun making partial payments to athletes.

The athletes who competed in the premier season of the event can somewhat breathe a sigh of relief, as financing has now been arranged to cover 50 per cent of what is owed.

Due to the nature of financing, the funds will be subject to repayment in the future. Athletes have also been told that GST will be working on securing additional funding in the next 60 days.