Nike’s Phil Knight And Dodgers Co-Owner Alan Smolinisky Offer $2 Billion For Portland Trail Blazers NBA Franchise
deadline.comNike co-founder Phil Knight and Dodgers co-owner Alan Smolinisky have offered, in writing, more than $2 billion for the Portland Trail Blazers NBA franchise according to multiple reports.
The Trail Blazers were long owned by Paul Allen, who Allen bought them in 1988 for $70 million. Since his passing four years ago, the team has been a part of the late billionaire’s estate, of which his sister Jody is trustee.
While she has controlled the team for the past four years, it was reportedly always her brother’s wish that the Trail Blazers be sold off to another passionate owner or owners.
They may have just arrived.Knight, who like Allen is a billionaire, was born in Portland, went to college at the University of Oregon and planted Nike’s headquarters in Beaverton, just outside Portland.
Read more on deadline.com
