While Knight certainly has the money to make the purchase—Paul Allen bought the Blazers for $70 million in 1988; Forbes currently values the team at $3.5 billion—it's the interest that may no ...

ESPN and the New York Times are reporting that Nike co-founder Phil Knight is part of an ownership group that has put in an offer to buy the Portland Trail Blazers.

Those are the words of Phil Knight, the brilliant, visionary, billionaire founder of Nike, from his endlessly interesting 2016 memoir, Shoe Dog.

PORTLAND, Ore. — Phil Knight, co-founder of Nike, reportedly confirms he is no longer interested in buying the Portland Trail Blazers, following Tuesday's announcement that the NBA franchise is ...

Phil Knight, right, and Penny Knight, left, during the first half of an NCAA college basketball game in the Phil Knight Invitational tournament in Portland, Ore., Sunday, Nov. 26, 2017. Phil and Penny ...