Longtime Indianapolis Colts owner Jim Irsay has died at 65, the team announced in a statement Wednesday. "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, announced.

After the news was reported that Colts owner Jim Irsay passed away at 65, the football world mourned his death.

The NFL experienced an unfortunate loss on Wednesday with the death of Colts owner Jim Irsay. We'll be starting things off today by taking a look at Irsay's time in Indianapolis. As always, here's your daily reminder to tell all your friends to sign up for the newsletter.

"My guess is this planning has been done long before now so that (the franchise) is not all passing at his death."