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SBD/Issue 76/Sports Industrialists
Phil Knight Puts 20 Million Shares Of Nike Stock Into Three Trusts
Published January 4, 2010
|Knight Puts Nearly One-Quarter Of
His Stake In Nike Into Three Trusts
KNIGHT IN SHINING ARMOR: In Portland, John Canzano wrote of Knight, "Love him or loathe him, you can't ignore that [UO] could not sustain what they've done over the past decade in conference play without Knight. His influence is valuable, and significant and Oregon certainly wouldn't be in position to strike again in a BCS game in the near future without his continued support." Knight has "contributed the biggest share of the money" for the school's $90M Autzen Stadium expansion, his name is on the campus library, and his late son Matthew's name "will go on the Ducks basketball arena, which was made possible by a $100[M] pledge from Knight." Nike has been "out front with uniform design and marketing, giving Oregon a unique competitive edge" (Portland OREGONIAN, 1/1).