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Key FactsPhil Knight Ends Interest in Buying Trail Blazers
May 15, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: columbian.com
  • The 87-year-old Knight said Wednesday that he was no longer interested in acquiring the team.

  • Phil Knight and Alan Smolinisky reportedly offered just over $2 billion in 2022, but Jody Allen rejected it.

  • The estate announced Tuesday that the Trail Blazers would be made available for purchase.

  • CNBC valued the Trail Blazers at $3.65 billion, ranking them 22nd among the NBA’s 30 teams.
  • However, at my current age, I can confirm that I no longer have interest in acquiring the team.
    — Phil Knight, in a statement to The Oregonian/OregonLive