Nike co-founder Phil Knight will not make a bid to buy the Portland Trail Blazers, the 87-year-old said in a statement shared Wednesday by The Athletic's Mike Vorkunov.

Nike founder and chairman emeritus Phil Knight believes it's too late in the game for him to buy an NBA franchise.Knight, 87, issued a statement citing his age as a primary roadblock to purchasing 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.

Nike co-founder Phil Knight rules out buying the Portland Trail Blazers as the franchise begins a formal sale process.

Nike co-founder Phil Knight had previously pursued purchasing the Trail Blazers in 2022. . Nike co-founder Phil Knight is “no longer interested” in purchasing the