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Nike co-founder Phil Knight said Wednesday that he is not interested in buying the Portland Trail Blazers, who are up for sale. Paul Allen’s estate said Tuesday that it has begun the process of ...

Valued at $3.6 billion, the Portland Trail Blazers are up for sale ... acquiring the team,” Knight said in a statement issued by Nike. Get your game on! Whether you’re into NFL touchdowns ...

Nike co-founder Phil Knight won't be buying the Portland Trail Blazers. "Five years ago, when I was a younger man, I had great interest in being a part of the Portland Trail Blazers franchise ...

However, at my current age, I can confirm that I no longer have interest in acquiring the team," Knight said in a statement issued by Nike. Allen owned the Seattle Seahawks (NFL), Blazers and a 25 ...

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So far, the Nike founder hasn't spoken publicly about the news of the team being up for sale. But, given his past interest, many expect him to pursue and keep the Trail Blazers in Portland.

Knight, formerly the chairman and CEO of Nike, is now the chairman emeritus of the company at age 87. A native of Portland, he has an estimated net worth of over $30 billion, per Forbes. Knight ...