Jim Irsay, the former Indianapolis Colts Owner and Ceo, has died at the age of 65, the team announced Wednesday.
Despite battling numerous health issues over the past few decades, the Colts announced Mr. Irsay passed away peacefully in his sleep Wednesday afternoon.
The son of Robert Irsay, who purchased the Baltimore Colts franchise in 1972 for $12 million. The elder Irsay moved the Colts to Indianapolis overnight on March 28, 1984. At just 24-years-old, Jim was named team vice president and general manager, setting a never-before-seen precedent in the NFL. Jim inherited the franchise from his father following his passing in 1997 and became the youngest owner in the NFL at age 37.