Phil Knight to announce shock retirement from business?

  • By Smith Alexander
  • Washington
  • Last updated on

Nike founder created a stir on Thursday when rumors have surfaced that his career was over.
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Sad news for Knight fans. Speculation had been rife that Nike's founder is about to announce his retirement from business, at age 88, with immediate effect.

UPDATE 28/08/2026 : This story seems to be false. (read more)

Being a business man isn't fun anymore

“As we get older, there are phases of life that we enter into, and being a business man just isn't fun anymore,” he might have said, says a source who remained anonymous. Other reports hinted that he may branch out into other creative fields he is better at (and more interested in), though they didn't provide any details.

#ThankYouPhil

For a little while on Thursday evening, #ThankYouPhil was a trending hashtag on Twitter. As many fans reminisce and look back on all the unforgettable memories, some may wonder what about now made him make the decision.

“Phil Knight was unlike any other business man we’ve ever seen! #ThankYouPhil”
— @universalObserver, 27 Aug 2026
“I thought Phil Knight retired about 5 years ago?!?”
— @millythom, 27 Aug 2026

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