Nike Founder Phil Knight Is Going In on a $2 Billion USD Bid for the Portland Trail Blazers
Alongside Los Angeles Dodgers co-owner Alan Smolinisky.
It appears that Nike founder Phil Knight is looking to make a mark with his homestate of Oregon.
ESPN‘s Adrian Wojnarowski recently reported that Knight and Los Angeles Dodgers co-owner Alan Smolinisky have put in an over $2 billion USD bid for NBA franchise, Portland Trail Blazers. Woj tweeted, “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.” He also notes that, “discussions are ongoing with the Paul Allen trust that’s overseeing ownership of team. Story soon.”
Woj explains that with Knight’s investment to purchase the Trail Blazers, he is hoping to keep the team in Portland. The efforts will also help the team continue to grow. Knight’s loyalty to Portland is no surprise. Knight has built a name for himself in his hometown building the Nike headquarters in Beaverton and player exclusives at his alma mater, the University of Oregon.
Stay tuned to see how the story unfolds and if Knight is successful with his bid.
The presence of Phil Knight in the proposed ownership group speaks to its desire to keep the Blazers in Portland and move the franchise forward there. Again, talks are ongoing on the possible purchase of the franchise. https://t.co/6rJ0Rk6AFI
— Adrian Wojnarowski (@wojespn) June 2, 2022
In other sports news, Draymond Green has revealed that he knew the Warriors will be facing off against the Celtics in the NBA Finals.
