Nike co-founder Phil Knight will not make a bid to buy the Portland Trail Blazers, the 87-year-old said in a statement shared Wednesday by The Athletic's Mike Vorkunov.

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

The website you are visiting is protected and accelerated by Imperva. Your computer may have been infected by malware and therefore flagged by the Imperva network. Imperva displays this page for you to verify that an actual human is the source of the traffic to this site, and not malicious software.