NEW YORK -- Nike chairman Phil Knight, who turned a business selling shoes out of the back of his car into the world's most valuable sports brand, has announced plans to step down as company chairman.

Explore the life of Nike's founder, Phil Knight, from his early running career to building a global sports empire. Discover ...

In just over 50 years, Nike transformed from a small idea into a global sportswear giant worth over $100 billion. This video dives deep into how one man’s vision—Phil Knight’s dream of ...

Lonzo Ball was such a good player in college that even Nike founder Phil Knight was impressed and even had an eye on signing the then-UCLA point guard. However, when Lonzo's father LaVar went on ...