Two days after Michael Vick was indicted on federal charges related to illegal dogfighting, Falcons owner Arthur Blank addressed the situation regarding the team's quarterback.

In a message issued to Atlanta fans, Blank said:

"We know you are anxious to hear more from us regarding the indictment of Michael Vick and its implications to the Falcons. Please be assured that we are working diligently on exploring our options and getting the right people involved in this situation.

"This is an emotionally charged and complicated matter. There are a wide range of interests and legal issues that need to be carefully considered as we move ahead, including our need to respect the due process that Michael is entitled to. Also, this situation affects everyone -- our club, our players and associates, our sponsors, our fans and the Atlanta community among them -- so we must consider all of our customers in making any decisions.

"Given the differing perspectives and strong feelings around this issue, we probably won't make everyone happy, but we are committed to doing the right thing. As the owner of this club, that's ultimately my responsibility.

"In the meantime, know that I'm saddened and distressed about this -- not for myself, but for our fans and community who have been so loyal to us. We will do our very best to continue to earn your support."

Vick and three others will be arraigned on charges of sponsoring a dogfighting operation on July 26, the same day the Falcons are slated to open training camp.

If convicted of conducting illegal enterprises across state lines, Vick -- who was known as "Ookie" on the dogfighting circuit -- could face a maximum of five years in prison and a $250,000 fine. If convicted of dogfighting, he could face up to one year in prison and/or a $100,000 fine.

According to officials, dogfights have been sponsored by at a Virginia property owned by Vick since 2001. For the events, participants and dogs traveled from South Carolina, North Carolina, Maryland, New York, Texas and other states.

Members of the venture also knowingly transported, delivered and received dogs for animal fighting, the documents state.

The indictment detailing the case said several dogs were killed at the property by hanging, slamming their bodies to the ground and electrocution.