Meg Irsay Divorce Problem For Indianapolis Colts? Owner Jim Irsay And Wife Will Divide Some Of Net Worth And Assets [PHOTOS]

By Carly Shields November 22, 2013 8:11 PM EST
Jim Irsay, the owner of the Indianapolis Colts, and his wife are getting divorced. (Photo: Reuters)
Jim Irsay, the owner of the Indianapolis Colts, and his wife are getting divorced. (Photo: Reuters)

Is Meg Irsay's divorce going to have an effect on the Indianapolis Colts? That's all fans could think of when they heard owner Jim Irsay and his wife filed for a divorce on Thursday. The divorce will mark the end of a 33-year marriage.

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Some might say: What does Meg Irsay have to do with the Colts? It's her husband who owns the team. But any divorce attorney will be happy to explain how division of assets can affect someone's holdings. Remember the McCourts' Dodgers debacle?

But for any Colts or Jim Irsay fans who were worried, management says there will be no issue this time around. Jim still has 100-percent ownership rights of the professional football team, the Colts' management said, along with the Irsay's three daughters who are each a vice chair/owner of the Colts, as well.

"After 33 years, we have mutually agreed to end our marriage," the Irsays announced together. "Meg will continue to pursue her professional interests and her commitment to our children and grandchildren, while Jim will maintain 100 percent ownership of the Indianapolis Colts and his other business interests."

"Although the decision to end our marriage is a difficult one, it is the right decision for us and our family," the Irsays' statement continued. "We appreciate your respect for, and understanding of, our privacy."

A few years ago Meg reportedly decided to find herself, and at the time decided to shave off her head. She claimed it was quite "freeing" and "practical." The wife of the Colts owner has her own business as a trainer and a spiritual leader. She is also a poet, an author, a nutritionist, health expert, a mom, a grandmother and now an ex-wife.

The Indianapolis Colts owner Jim Irsay and his wife Meg are divorcing. But what will happen to the NFL franchise? (Photo: Reuters)
The Indianapolis Colts owner Jim Irsay and his wife Meg are divorcing. But what will happen to the NFL franchise? (Photo: Reuters)

Jim Irsay became Colts owner in 1997 after his father Robert Irsay, who owned the NFL team before him, passed away. Jim and Meg have been married for 33 years but for the past 10 of them they have been separated. They were afraid to upset and worry the Indianapolis fans by getting a divorce years ago because they worried about a long and brutal legal case, in which the ownership of the team could have been split in half. But that will not happen here, according to reports.

Forbes estimates the Colts' worth at $1.6 billion, which ranks the team as the 11th most expensive football franchise in the NFL. 

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