Report: Nike Founder Phil Knight, Dodgers' Alan Smolinisky Make $2b Offer for Blazers

Nike founder Phil Knight is said to have made a $2 billion bid to buy the Portland Trail blazers.

The team is likely to stay in Portland if Knight is in the ownership group. Knight is a graduate of the University of Oregon and has kept Nike in the state.

Paul Allen's trust left instructions that the team must be sold after his death. The team was expected to be put up for auction in the next 18 months because Jody Allen has run it.

The vice chair of the Blazers is said to be in charge of the sale of the team and wants $3 billion.

According to Forbes' list of the 50 most valuable sports teams in 2021, the Trail blazers are worth less than the Cleveland browns. The projected bid is still one of the highest prices for an NBA franchise in history.

The team wants to stay in Portland and is in the process of renewing its lease.

According to Forbes, Knight is the 27th richest person in the world with a net worth of $47 billion.

Seven years after the MLB franchise was sold to Guggenheim Baseball Management for $2 billion, John Smolinisky joined the Dodgers ownership team.