After being detained by Paul Allen to a certain extent since 1988, the Portland Trail Blazers should be sold.
Allen, the late Microsoft co-founder, bought the team more than three decades ago and its field has owned the Blazers since its death in 2018.
But now, Allen’s family will seek to sell the team – a lot to wonder if the richest person in Oregon, Phil Knight, would buy the franchise.
However, the 87 -year -old knight published a statement saying that he did not intend to buy the team.
The founder of Nike had previously expressed his interest in buying the team in the aftermath of Allen’s death, but says that his current age finished his desire to own the Blazers.
“Five years ago, when I was a younger man, I had great interest in being part of the Portland Trail Blazers franchise,” Knight said in a statement.
The founder of Nike, Phil Knight, says he will not make an offer to buy the Blazers of Portland Trail
The succession of the late Paul Allen has announced its intention to sell the franchise this coming season
Knight, who previously offered an offer to buy the team in 2022, cited age as reason
“However, at my current age, I can confirm that I have no interest.”
After initially expressed his interest in a purchase in 2020, the co -owner of Knight and Dodgers, Alan Smolinisky, offered an offer of more than $ 2 billion to buy the team.
However, the Allen estate was not interested and never had conversations for sale.
According to Allen’s desire, control of his challenges in three professional sports teams is within the reach of his sister.
As such, his sister hired the Allen & Company investment bank and the law firm Hogan Lovells as a sale for a sale.
Forbes values the team at $ 3.5 billion. Allen bought the team in 1988 for only $ 70 million.
Only the Blazers of the Trail are on sale. A declaration from the NBA team confirmed that the control of the Allen domain in the Seattle Seattle Seahawks was not for sale, nor the participation of 25% in the Sunders of MLS.
The Blazers declaration indicates that the team’s sales process should continue in the NBA 2025-26 season.
Once an agreement on an agreement has been concluded, the Council of Governors of the NBA must ratify a final purchase agreement.
All the profits of the sale should be given to philanthropic causes, according to the wishes of Allen’s will.
