The Portland Trail Blazers are a young, up-and-coming team who are in a state of transition. They are looking for new ownership, which could make or break the future of the team. One of the biggest names reportedly on the market to buy the team was Phil Knight,

Nike co-founder Phil Knight said Wednesday he is not interested in buying the Portland Trail Blazers, who are up for sale. Paul Allen's estate said Tuesday it has begun the process of finding a new owner for the team.