Nike co-founder Phil Knight said Wednesday he is not interested in buying the Portland Trail Blazers following the announcement that the team is up for sale.

The estate of Paul Allen has put the NBA's Trail Blazers up for sale, which has implications for the Seattle Seahawks and Sonics expansion hopes.

The estate of Microsoft co-founder Paul Allen has begun the process of selling the Portland Trail Blazers, fulfilling his directive to direct proceeds to philanthropy. The Seattle Seahawks and Sounders are not part of the sale.

Paul Allen's estate took control of the Trail Blazers in 2018 when the billionaire died, and there has been speculation about ownership plans since.

Paul Allen’s estate, which owns the Seattle Seahawks, announced Tuesday that it has begun the process of selling the NBA's Portland Trail Blazers.