The Trail Blazers issued a statement Thursday in response to a report detailing a massive bid from Nike founder Phil Knight and Dodgers co-owner Alan Smolinisky to buy the team.
Hours after ESPN’s Adrian Wojnarowski reported Knight and Smolinisky offered over $2 billion to purchase the franchise, a Blazers spokesperson confirmed a was placed, but the team is currently not for sale.
“An offer was made by Phil Knight. The team remains not for sale,” the statement read, per Wojnarowski.
With the reported bid apparently off the table, the Blazers will remain under the ownership of the Paul G.