Nike founder, co-owner of Dodgers has applied to buy Portland Trail Blazers from Paul Allen Trust – GeekWire

Paul Allen waved to Seattle Seahawks fans in December 2017, 20 years after he didn’t allow the NFL franchise to leave town. (Photo by GeekWire / Kevin Lisota)

The branded part of the extensive collection of interests and real estate of the latest co-founder of Microsoft Paul Allen may be put up for sale, as the new report will name potential buyers and a price tag for the Portland Trail Blazers from the NBA.

ESPN on Thursday, it was reported that Nike founder Phil Knight and Alan Smaliniski, entrepreneur and part-owner of the Los Angeles Dodgers baseball team, have applied to buy Trail Blazers for more than $ 2 billion.

Knight’s deep ties to the region “reflect the desire of a potential group of owners to keep the team in Portland in the long run,” ESPN reported, citing anonymous sources. Nike is headquartered in the region, and Knight is known to be loyal to his alma mater, the University of Oregon.

In a statement to ESPN on Thursday, Trail Blazers spokesman said: “The offer was made by Phil Knight. The team remains on sale. “

Forbes estimated the Trail Blazers at $ 2.05 billion in its 2021 rankings, making them the 13th most expensive franchise in the NBA, ESPN reports.

It is believed that this step is in line with the wishes of Elena, who died in October 2018.

Now the Paul G. Allen Foundation is run by his sister Jodie Allen, who was involved in a secret process of following his brother’s instructions, which includes getting rid of many of his large assets to maximize the value of the estate.

The Seattle Seahawks are also owned by the Allen Trust and should also be sold, although the timing when that could happen is less certain.

“Paul ordered the trust closed down after his death, and the assets were used to fund his seized projects,” the source said. sports commentator John Canzana last week. “None of this is in the air. The instructions are clear: sports franchises and everything in the trust must be sold. “

In March, longtime Seattle sports commentator Art Till discussed in the GeekWire podcast the likelihood that Amazon founder Jeff Bezos could buy the Seahawks – for $ 4 billion or more.

Helen was 35 years old in 1988 when he acquired the Blazers for $ 70 million. He did not allow the Seahawks to move to California in 1997 when he bought the NFL franchise for $ 194 million.

The 84-year-old Knight has a net worth of about $ 50 billion. Smolinsky joined Dodgers as a limited partner in 2019, ESPN reports, and has been successful in commercial real estate and investment.

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