A year after their initial offer of more than $2 billion rocked Rip City, but was promptly rejected, Nike co-founder Phil Knight and real estate developer Alan Smolinisky are still trying to purchase the Portland Trail Blazers.
According to a comprehensive piece from the Wall Street Journal by Rachel Bachman (subscription required), the pair reached out to Trail Blazers owner Jody Allen as recent as earlier this year about a possible sale. They said they would even raise the bid after the Phoenix Suns and the WNBA’s Mercury were purchased in December for a record price of $4 billion, but Jody Allen and Trail Blazers Vice Chair Bert Kolde continue to not budge.