In a surprising twist, Nike co-founder Phil Knight has clarified that he is not interested in purchasing the Portland Trail Blazers, who are currently up for sale following the passing of owner Paul Allen in 2018. Despite previous speculation and his past interest in the franchise, Knight, now 87, has stated that he no longer desires to acquire the team. Allen's estate is following through on his wishes to sell the Blazers, with the process being overseen by notable firms Allen & Company and Hogan Lovells.
As the Blazers navigate this transition, there is an air of uncertainty surrounding their future ownership. Jody Allen, Paul's sister and chair of the team, previously turned down Knight's offer to purchase the franchise for over $2 billion. With the team's value estimated at $3.65 billion, the sales process is expected to extend into the upcoming NBA season. Amidst calls from U.S. Sen. Ron Wyden to ensure the Blazers remain in Portland, fans eagerly await to see how this chapter unfolds for a team steeped in rich basketball history and memories of "Blazermania".