It was fun while it lasted!
Nike co founder Phil Knight has always been supportive and outspoken regarding his love for his hometown team, along with his alma mater the University of Oregon. With all the movement happening in the Blazer’s front office, it seemed that this could actually happen. Nike is already the official jersey outfitter for the NBA, would they now own an actual team?
Nope.
PORTLAND, Ore. (July 5, 2022) – “As chair of both the Portland Trail Blazers and the Seattle Seahawks, my long-term focus is building championship teams that our communities are proud of. Like my brother Paul, I trust and expect our leaders and coaches to build winning teams that deliver results on and off the court and field.
As we’ve stated before, neither of the teams is for sale and there are no sales discussions happening.
A time will come when that changes given Paul’s plans to dedicate the vast majority of his wealth to philanthropy, but estates of this size and complexity can take 10 to 20 years to wind down. There is no pre-ordained timeline by which the teams must be sold.
Until then, my focus – and that of our teams – is on winning.”
So, there you have it.