Nike Inc. cofounder Phil Knight has repeatedly expressed interest in buying the Portland Trail Blazers, but now that it’s finally for sale, he has decided to pass on the chance to own the NBA franchise.

Paul Allen’s estate announced that it has begun the process of selling the Portland Trail Blazers. Allen bought the Trail Blazers in 1988, telling the The Associated Press at the time that “for a true fan of the game,

The Portland Trail Blazers are going on sale, according to a report from ESPN NBA Insider Shams Charania, t As set forth by Charania, the Estate of Paul G. Allen is starting a formal sales process for the franchise.