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

The Portland Trail Blazers are set to start a formal sales process on Tuesday. ESPN's Shams Charania was the first to report. "Estate of Paul G. Allen is starting a formal sales process for the Portland Trail Blazers,