Nike founder Phil Knight was very interested in purchasing the Portland Trail Blazers three years ago. Now that the franchise is actually for sale, he has changed his mind.

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Nike Inc. cofounder Phil Knight has repeatedly expressed interest in buying the Portland Trail Blazers, but now that it’s finally for sale, he has decided to pass on the chance to own the NBA ...

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Nike co-founder Phil Knight confirms he is stepping away from efforts to buy the Portland Trail Blazers, as the NBA franchise prepares for a formal sale process.

Do you see Phil Knight still in the game, or anybody else maybe come to mind? Canzano: I think you have to really look at that Phil Knight offer, right? He's 87 years old now.

Nike founder Phil Knight on Wednesday addressed whether he might still bid for the Portland Trail Blazers.

Nike founder Phil Knight was very interested in purchasing the Portland Trail Blazers three years ago. Now that the franchise is actually for sale, he has changed his mind.