Nike said it expects to name a new chairman in 2016, but no specific date was set for Knight's departure. Phil Knight’s son, Travis Knight, was named to a spot on the board.

Phil Knight, co-founder and former CEO of Nike, and his family appeared in the No. 24 spot on the Forbes 400 list, an annual ranking that rounds up some of the world's wealthiest billionaires.

NEW YORK -- Nike chairman Phil Knight, who turned a business selling shoes out of the back of his car into the world's most valuable sports brand, has announced plans to step down as company chairman.

However, no alumnus has arguably done more for the Ducks than Nike CEO and Founder, Phil Knight, also known as “Uncle Phil” to many Oregon students. When the Ducks took down the No. 2 ranked ...

My kingdom for liquidity.” Those are the words of Phil Knight, the brilliant, visionary, billionaire founder of Nike, from his endlessly interesting 2016 memoir, Shoe Dog.

Nike founder Phil Knight walks on the field before an NCAA football game between Colorado and Oregon, Saturday, Sept. 23, 2023, in Eugene, Ore. Oregon won 42-6.

As he settles into his Memorial Stadium box on Saturday, you can imagine Phil Knight soaking in 90,000 Adidas-wearing Husker fans and breathing a deep sigh. What if?

Meanwhile, Knight bagged the players picked before and after Lonzo - Markelle Fultz and Jayson Tatum. Tatum later moved to Nike's Jordan Brand where he is one of its signature players along with ...

Knight, 76, owned a 16.26 percent stake in Nike as of Dec. 31. He will transfer most of those shares, representing about 15 percent of Nike's common stock, to Swoosh, a limited liability company.

Nike co-founder Phil Knight attends the Texas Tech-Oregon non-conference football game, Saturday, Sept. 9, 2023, at Jones AT&T Stadium. / Annie Rice/Avalanche-Journal / USA TODAY NETWORK ...