Phil Knight says he's not interested in buying Trail Blazers

Phil Knight, a renowned Nike co-founder, has decided not to purchase the Portland Trail Blazers after expressing earlier interest. Paul Allen's estate is now handling the sale of Allen's sports assets, including the Blazers, with his will directing proceeds to philanthropic efforts. Jody Allen, currently managing the teams, has rejected Knight's offer, and no sales talks are ongoing. The Blazers' sale process may take several years, and they're currently struggling in the league without a viable owner.