Coe wants athletics calendar to be ‘policed’

World Athletics president Lord Coe has warned that “we have to police the calendar” of track and field after sprinting great Michael Johnson’s Grand Slam Track (GST) competition filed for bankruptcy.
Last week, four-time Olympic champion Johnson said that despite “significant challenges... I refuse to give up on the mission” of the failed project, with millions of pounds being owed to creditors, which include top athletes.
However, when asked whether World Athletics could prevent GST from returning, Coe said: “I don’t want to get into the embers of this...but we do create the calendar”.
The world governing body would have to authorise any attempt by GST to stage future events.
“We have to make sure that when there are fresh events that they come to the table with the kind of credentials and assets that I’ve talked about”, said Coe.
“There’s a responsibility to do that, and I think probably going forward, that is something we will look at in greater depth.
“Over the next few years, there are going to be lots of different and new things. And I welcome that, but it has to be suffused in a realistic proposition that you have stuff that is fireproof, it’s got to be sustainable.”
Organisers of GST have said the competition - which offered lucrative prize money - had been impacted by the withdrawal of committed investment, and that it intends to utilise the Chapter 11 bankruptcy process in the United States “to stabilise its finances, implement a more efficient cost and operating model, and position GST for long-term success”.  (BBC sport)