The Indianapolis Colts announced a new ownership structure with Jim Irsay's three daughters, Carlie Irsay-Gordon, Casey Foyt, and Kalen Jackson, as owners. However, league rules mandate a single principal owner with ultimate authority, and Carlie Irsay-Gordon will fill that role. This follows NFL regulations implemented after a similar ownership dispute with the Titans. The new structure requires a succession plan and addresses potential estate tax issues and the possibility of future equity sales by the sisters. While unusual, the arrangement ensures one person holds decision-making power, as required by the NFL.

Prepared by Emily Rhodes and reviewed by editorial team.