From the Oregon franchise they recognized that there was an offer to buy but they insisted it was not for sale.
Phil Knight, founder of Nike, next to Los Angeles Dodgers co-owner Alan Smoliniskyoffered 2 billion dollars (including variables) to Paul G. Allen Trust to stay with them Portland Trail Blazersthe Oregon franchise of NBA.
Paul Allen, co-founder of Microsoftacquired the franchise in 1988 and remained the owner until his death in 2018. His sister Jody manages the legacy assets, which also include SEattle Seahawks of the NFL and a part of Seattle Sounders FC of MLS. The franchise admitted the existence of the offer while clarifying that it was not for sale.
Phil Knight hails from Portland and his flagship brand, Nike, is based in Beaverton, a city six miles away.
journalist Adrian Wojnarowski of ESPN published offer information. But this isn’t Knight’s first attempt at the Oregon franchise.
Phil Knight’s fortune totals $ 47,300 million according to the magazine Forbes and ranked 27th among the richest people in the USA. He retired from the Nike presidency in 2016 after 52 years with the company.
The Portland Trail Blazers seem to be enduring another onslaught from investment groups who want to get them for what they’ve published so far. They are still not for sale.
Source: Tycsports
I am Sandra Jackson, a journalist and content creator with extensive experience in the news industry. I have been working in the news media for over five years. During this time, I have worked as an author and editor at various outlets producing high-quality content that attracts readers from different demographics.
