The Portland Trail Blazers are a young, up-and-coming team who are in a state of transition. They are looking for new ownership, which could make or break the future of the team. One of the biggest names reportedly on the market to buy the team was Phil Knight,

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“Today the Estate of Paul G. Allen is announcing the start of a formal process to sell the Portland Trail Blazers. This is an expected milestone following Paul’s death, who had directed his sports holdings to be sold with all Estate proceeds being directed to philanthropy. Please find below a statement from the Estate.”