Nike founder and chairman emeritus Phil Knight believes it's too late in the game for him to buy an NBA franchise.

Knight, formerly the chairman and CEO of Nike, is now the chairman emeritus of the company at age 87. A native of Portland, he has an estimated net worth of over $30 billion, per Forbes .

Nike co-founder Phil Knight is no longer interested in purchasing the Portland Trail Blazers, he said in a statement Wednesday. “Five years ago, when I was a younger man, I had a great interest ...

But plenty of other billionaires — or groups capable of assembling a 10-figure war chest — could purchase the Portland Trail ...

Phil Knight, would be buying the franchise. However, the 87-year-old Knight released a statement saying he has no intention of purchasing the team. The Nike founder previously expressed interest ...

Nike is the world's largest sportswear company. It went public in 1980 and it's made early investors wealthy. Co-founder Phil Knight still owns approximately one-third of the company. Nike (NKE-1. ...

Sonny Vaccaro gave credit to Peter Moore for changing the sneaker industry by designing the first Air Jordan shoes.

A recent segment on "CBS Sunday Morning" saw correspondent Luke Burbank doing a segment on the Air Jordan shoe turning 40.

On Tuesday, Dedhe Nurhasanah held an Air Jordan in Nike’s downtown Portland store. She’d seen the model before. She works at ...

Three Indonesian garment workers and labor groups gathered at Hayward Field May 29, calling on Nike for better pay and working conditions.

Nike founder and chairman emeritus Phil Knight believes it's too late in the game for him to buy an NBA franchise. Knight, 87, issued a statement citing his age as a primary roadblock to ...