Colts owner Jim Irsay released after arrest on 2 charges

Irsay taken into custody after traffic stop

HAMILTON COUNTY, Ind. - Indianapolis Colts owner Jim Irsay was released Monday afternoon after his arrest in Carmel on charges of operating a vehicle while intoxicated and possession of a controlled substance.

Carmel police took Irsay into custody late Sunday night. He was booked into the Hamilton County Jail just before 3 a.m. Monday.

GALLERY: Jim Irsay arrest

Irsay was released about 1:30 Monday afternoon after posting bond.

"Guys, I'm not going to comment right now, thank you," Irsay said as he passed the media on his way out of the jail.

VIDEO: Watch raw footage of Irsay leaving the jail in the video player above

The Carmel Police Department said just after 11:30 p.m. Sunday, Irsay, 54, was stopped in the 13000 block of Horseferry Road for driving too slowly, stopping in the roadway and failing to use a turn signal.

During the pullover, police said Irsay failed several sobriety tests and was put under arrest.

Police said they searched Irsay's car and found several prescription drugs in pill bottles. Carmel police said the "schedule-IV prescription drugs" were not associated with any prescription bottles found in the car, so he was preliminarily charged with possession of a controlled substance.

Irsay bonded out of jail Monday afternoon, and an initial court hearing was scheduled for March 26.

Watch the attached videos to see Irsay escorted and booked into the jail.

In October 2013, Irsay tweeted that he doesn't drink alcohol.

In 2002, Irsay admitted to a past dependence on painkillers and said he had undergone treatment. 

The Colts released a statement on Irsay's arrest just after 11 a.m. Monday:

"We are gathering information at this time regarding (Sunday night's) incident involving Jim Irsay," Colts Senior Director of Communications Avis Roper said. "The team will issue additional statements when the facts are sorted and we are aware of the next steps to this process. Many fans have reached out to express their concern and we appreciate their support."

A few hours later, the Colts released another statement:

"The Club continues to fully support Mr. Irsay but must refrain from commenting further at least until formal charges have been filed."

Indiana Sports Corp. President Alison Melangton said in a statement it's too soon to comment.

"Jim Irsay has created one of the best franchises in the NFL. He and the franchise have made immeasurable contributions to the city of Indianapolis and the state of Indiana," the statement read. "We don't have any detailed information about the incident and it would not be appropriate to comment on this further."

Irsay tweeted his thanks to his followers just after 4 p.m.

Indianapolis hopes to host another Super Bowl in 2018. Irsay's arrest has the potential of damaging that effort. The NFL could also choose to punish the franchise.

Earlier this month, Forbes listed Irsay as the 974th on its list of richest people, putting his estimated fortune at $1.5 billion.

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