[4] Due to mounting debts, Grand Royal closed down on August 31, 2001, and formally declared bankruptcy in July 2002.

[9] In 2016, GR2 sold the rights and master recordings of Grand Royal's second release My Crazy Life to a member of the band Dead Fucking Last.

Some notable music executives gained their start at Grand Royal Records such as Ian Rogers, Kenny "Tick" Salcido, and Miwa Okumura.

There were also established executives who were employed by Grand Royal Records in Mark Kates, Craig Aaronson, John Silva, Steve Rosenblatt, Gary Gersh.

The Jet Set Radio Future Sampler was the label's last official release featuring original music by the Mike D led production group the Latch Brothers.