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Nike founder Phil Knight and Los Angeles Dodgers co-owner Alan Smolinisky are trying to become the new owners of the Portland Trail Blazers, according to a report.
They delivered a written offer worth more than $2 billion, per ESPN.
Knight, 84, is a Portland native and a product of the University of Oregon which is headquartered in Portland.
So if the purchase is successful, you can be sure that the Blazers won’t go anywhere. And that’s precisely what the current ownership group wants, ESPN reported.
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But on Thursday night, a Trail Blazers spokesperson said the team was not for sale.
“An offer has been made by Phil Knight. The team is still 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.
According to ESPN, talks between Knight, Smolinisky and the Blazers’ current owners are ongoing.
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OutKick will have more on this story as it develops.