“Today the Estate of Paul G. Allen is announcing the start of a formal process to sell the Portland Trail Blazers. This is an expected milestone following Paul’s death, who had directed his sports holdings to be sold with all Estate proceeds being directed to philanthropy. Please find below a statement from the Estate.”

Axios Visuals Nike's Phil Knight remains the richest Oregonian, with a net worth far surpassing the state's two other billionaires, according to the annual Forbes list of the world's wealthiest people.

Nike co-founder Phil Knight confirms he's no longer pursuing purchase of Portland Trail Blazers as team begins formal sale process under Paul Allen's estate.

No team has had more uniform combinations than the Oregon Ducks in recent history. Due to Nike founder Phil Knight’s connection to the university, Oregon’s football program has donned some unique uniforms in the past.

DALLAS - Oregon Ducks coach Dan Lanning addressed the 'confusing' state of college football while providing a positive outlook on the future of the sport in reg