Nike founder Phil Knight and Dodgers co-owner Alan Smolinisky reportedly made a more than $2 billion written offer to buy the Trail Blazers, per ESPN’s Adrian Wojnarowski.
The discussions are ongoing, but a sale has not been made official yet.
The Trail Blazers currently are owned by the Paul B. Allen Trust, in honor of the now deceased co-founder of Microsoft. Allen took over ownership of the team in 1988. He also took over the Seahawks in 1997 and the Seattle Sounders of the MLS in 2009. The trust is led by his sister Jody Allen.