US EditionNike co-founder Phil Knight no longer interested in purchasing Trail Blazers
- Phil Knight, Nike's co-founder and chairman emeritus, announced on May 14, 2025, in Portland that he has decided not to pursue buying the Portland Trail Blazers franchise, a team that is currently on the market.
- This announcement follows previous interest Knight expressed several years ago, including a 2022 offer exceeding $2 billion which Jody Allen, Paul Allen's sister and current chair of the Blazers, reportedly rejected.
- Before his passing in 2018, Paul Allen, the owner of the Blazers, specified in his will that his sports teams should eventually be sold to fund charitable causes. The process of selling these assets is being managed by a New York-based investment advisor and an international legal firm.
- The Trail Blazers, valued at $3.65 billion, finished the latest NBA season with a 36-46 record and missed playoffs for the fourth consecutive year, while Senator Ron Wyden urged the NBA to ensure the team remains in Portland.
- Knight’s withdrawal suggests that new ownership might emerge with uncertain timing, as the estate continues the complex sales process that could take 10 to 20 years to complete and might affect the franchise’s future location.
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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 …
·Portland, United States
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The OregonianReposted by 
Herald and News
Herald and NewsNike co-founder Phil Knight no longer interested in purchasing Trail Blazers
Knight made an offer on the team in 2022.
·Portland, United States
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