US EditionNike co-founder Phil Knight no longer interested in purchasing Trail Blazers
- The Portland Trail Blazers were officially made available for purchase in 2025, after being owned by Paul Allen's estate since his death in 2018.
- This followed years of estate management and a rejected offer in 2022 by Nike co-founder Phil Knight and Alan Smolinisky to buy the Blazers for just over $2 billion.
- Knight, who had shown interest in the team five years ago and contributed nearly $1 billion to support the University of Oregon, announced in 2025 that he no longer plans to buy the Portland Trail Blazers.
- Knight stated that half a decade ago, when he was younger, he was very eager to be involved with the Portland Trail Blazers, but now, at his current stage in life, he no longer wishes to pursue ownership of the team.
- The sale opens questions about the franchise’s future location, with concerns over possible relocation, while Senator Ron Wyden urged NBA commissioner Silver to keep the Blazers in Portland.
29 Articles
29 Articles
Nike founder Phil Knight cites age, denies he's buying Trail Blazers
Nike founder and chairman emeritus Phil Knight believes it’s too late in the game for him to buy an NBA franchise. Knight, 87, issued a statement citing his age as a primary roadblock to purchasing the Portland Trail Blazers. The team is on the market and being sold by the estate of Paul Allen. “Five years ago, when I was a younger man, I had a great interest in being a part of the Portland Trail Blazers franchise. However, at my current age, I …
Oregon’s richest person won’t be the Portland Trail Blazers’ buyer
Phil Knight is no longer interested in buying the Portland Trail Blazers.That’s according to a statement Knight gave to The Athletic. Knight’s statement comes one day after the Paul G. Allen Estate announced Tuesday that the franchise was officially for sale. Allen died in 2018. His sister, Jody Allen, served as trustee of the Allen family estate.Knight, the Nike cofounder and Oregon’s wealthiest resident, said in a statement that he had “great …
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