Report: Nike founder, Dodgers co-owner make bid to buy Portland Trail Blazers from Paul Allen Trust

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Summary

In a statement Thursday to ESPN, a Trail Blazers spokesperson said, “An offer was made by Phil Knight. ESPN reported Thursday that Nike founder Phil Knight and Alan Smolinisky, an entrepreneur and a partial owner of the Los Angeles Dodgers baseball team, have submitted a bid to purchase the Trail Blazers for more than $2 billion. The team remains not for sale.” Forbes valued the Trail Blazers at $2.05 billion in its 2021 rankings, making it the 13th-most valuable franchise in the NBA, ESPN reported. Nike is headquartered in the region, and Knight is famously loyal to his alma mater, the University of Oregon. The move to sell is believed to be in accordance with wishes laid out by Allen, who died in October 2018.

Article PreviewPaul Allen waves to Seattle Seahawks fans in December 2017, 20 years after he kept the NFL franchise from leaving the city. (GeekWire File Photo / Kevin Lisota)

A signature piece in late Microsoft co-founder Paul Allen’s vast collection of interests and properties could be headed for sale as a new report names potential buyers and a price tag for the NBA’s Portland Trail Blazers.

ESPN reported Thursday that Nike founder Phil Knight and Alan Smolinisky, an entrepreneur and a partial owner of the Los Angeles...

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