Report: Nike co-founder Phil Knight in talks to purchase NBA team
Nike co-founder Phil Knight may soon be an NBA owner, according to a new report.
Knight, along with Los Angeles Dodgers co-owner Alan Smolinisky, is in talks to purchase the Portland Trail Blazers, according to Adrian Wojnarowski of ESPN. Wojnarowski indicated that the ownership group would intend to keep the Blazers in Portland long-term, and has made an offer upwards of $2 billion.
Nike founder Phil Knight and Dodgers co-owner Alan Smolinisky have made a $2 billion-plus written offer to purchase the Portland Trail Blazers, sources tell ESPN. Discussions are ongoing with the Paul Allen trust that's overseeing ownership of team. Story soon.
— Adrian Wojnarowski (@wojespn) June 2, 2022
Knight would certainly qualify as a high-profile NBA owner. The 84-year-old co-founded the company that would later become Nike in 1964, which has since made him exceptionally wealthy. He has spent that money in the sports world before, as he has been a major benefactor to his alma mater Oregon.
The Blazers have been owned by a trust in the name of former owner Paul Allen since Allen’s death in 2018. Speculation about the franchise’s future has lingered since. Knight buying the Blazers would put an end to a great deal of the uncertainty surrounding the team.