Nike co-founder Phil Knight is no longer interested in purchasing the Portland Trail Blazers, he said in a statement Wednesday. “Five years ago, when I was a younger man, I had a great interest ...

Nike co-founder Phil Knight will not make a bid to buy the Portland Trail Blazers, the 87-year-old said in a statement shared Wednesday by The Athletic's Mike Vorkunov. “Five years ago ...

(Bloomberg) -- Nike Inc. cofounder Phil Knight has repeatedly expressed interest in buying the Portland Trail Blazers, but now that it’s finally for sale, he has decided to pass on the chance to ...

Nike co-founder Phil Knight said Wednesday that he is not interested in buying the Portland Trail Blazers, who are up for sale. Paul Allen’s estate said Tuesday that it has begun the process of ...

Nike co-founder Phil Knight and Dodgers co-owner Alan Smolinisky have offered, in writing, more than $2 billion for the Portland Trail Blazers NBA franchise according to multiple reports.

Knight, formerly the chairman and CEO of Nike, is now the chairman emeritus of the company at age 87. A native of Portland, he has an estimated net worth of over $30 billion, per Forbes .

Nike’s iconic founder may soon be the owner of the Portland Trail Blazers. Nike's Phil Knight and Los Angeles Dodgers co-owner Alan Smolinsky have placed an offer to purchase the Trail Blazers ...