Dodgers co-owner Nike’s Phil Knight makes offer to buy Portland Trail Blazers: report

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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.

Phil Knight, co-founder and chairman emeritus of Nike, attends day four of the 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 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.

Nike Co-Founder Phil Knight walks into a morning session at the Allen & Company Sun Valley Conference on July 08, 2021 in Sun Valley, Idaho.

Nike Co-Founder Phil Knight walks into 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 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.

Phil Knight, co-founder and chairman emeritus of Nike, attends the Annual Allen &;  Company Sun Valley Conference, July 11, 2019 in Sun Valley, Idaho.

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.

About Byron G. Fazio

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