It's been a year since Nike Co-Founder Phil Knight and real estate developer Alan Smolinisky made a $2 billion offer to purchase the Portland Trail Blazers. With each effort being met by denial, the pair is still attempting to buy the franchise, according to a report from the Wall Street Journal's Rachel Bachman.
Microsoft co-founder and Blazers owner Paul Allen died from cancer in 2018, leaving instructions to sell his assets. Jody Allen, his 64-year-old sister, became executor of his estate, which also includes the Seattle Seahawks. She and Vulcan Inc., the corporation that manages Allen family businesses, maintain that there is no timetable to sell any of it.
Knight and Smolinisky have reportedly sent unanswered emails and handwritten letters, even offering more than their initial bid after the Phoenix Suns and the Mercury went for a whopping $4 billion earlier this year. "As Jody publicly said last year, the sports teams are not for sale," a spokesman for Vulcan Inc. told Th Washington Post."That will eventually change pursuant to Paul's wishes, but there is no pre-ordained timeline for when that will happen. Interested parties can engage when we establish a sales process at some point in the future."
In the statement the spokesperson referenced, Allen added she and the team's focuses will remain on winning, as"estates of this size and complexity can take 10 to 20 years to wind down."
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