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Nike founder Phil Knight and Los Angeles Dodgers co-owner Alan Smolinisky are attempting to become the new owners of the Portland Trail Blazers, according to a report.
They delivered a written offer that’s worth more than $2 billion, per ESPN.
Knight, 84, is a Portland native and University of Oregon product who has his company headquarters in Portland.
Phil Knight, co-founder and chairman emeritus of Nike, attends the fourth day of the annual Allen & Company Sun Valley Conference, July 14, 2017 in Sun Valley, Idaho. (Photo by Drew Angerer/Getty Images)
So if the purchase is successful, you can be sure the Blazers won’t be going anywhere. And that is precisely what the current ownership group wants, ESPN reported.
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But on Thursday evening, a Trail Blazers spokesperson stated the team wasn't for sale.
Nike co-founder Phil Knight walks to a morning session at the Allen & Company Sun Valley Conference on July 08, 2021 in Sun Valley, Idaho. (Photo by Kevin Dietsch/Getty Images)
"An offer was made by Phil Knight. The team remains not for sale," the spokesperson wrote in a statement.
As of now, the Blazers are owned by the Paul Allen trust. Allen, who co-founded Microsoft, died in October 2018.
Per ESPN, talks between Knight, Smolinisky, and the Blazers’ current owners are ongoing.
Phil Knight, co-founder and chairman emeritus of Nike, attends the annual Allen & Company Sun Valley Conference, July 11, 2019 in Sun Valley, Idaho. (Photo by Drew Angerer/Getty Images)
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OutKick will have more on this story as it develops.
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