He was 65. “We are devastated to announce our beloved Owner & CEO, Jim Irsay, passed away peacefully in his sleep this afternoon," Pete Ward, the team's chief operating officer, revealed.

Indianapolis Colts owner Jim Irsay has died at the age of 65, and a number of former players have expressed their grief. Colts legend Peyton Manning is one of those players, and he is "heartbroken" by Irsay's death.

The Indianapolis Colts made a heartbreaking announcement on Wednesday. Jim Irsay, the longtime owner of the team, passed away in his sleep at the age of 65. Irsay has been one of the most enthusiastic owners in professional sports.