Jim Irsay – Billionaire

James Irsay (born June 13, 1959) is the owner and CEO of the Indianapolis Colts of the National Football League.

Early life and education

Irsay was born in Lincolnwood, Illinois, the son of Harriet (née Pogorzelski) and Chicago businessman Robert Irsay. His father was from a Hungarian Jewish family and his mother was the daughter of Polish Catholic immigrants. Irsay was raised Catholic, and did not know about his father’s Jewish heritage until he was fourteen. Jim’s brother, Thomas, was born with a mental disability and died in 1999, and his sister, Roberta, died in a car accident in 1971. Irsay attended high school at Loyola Academy in Wilmette, Illinois a suburb just north of Chicago, Illinois and at Mercersburg Academy ’78, Mercersburg, Pennsylvania. After high school, he attended, and graduated from, Southern Methodist University in 1982 with a degree in broadcast journalism. Irsay played linebacker for the SMU Mustangs football team as a walk-on, but an ankle injury ended his playing career.

Career

Irsay was 12 years old when his father, Robert Irsay, purchased the Baltimore Colts. After graduating from SMU in 1982 he joined the Colts’ professional staff. He was named Vice President and General Manager in 1984, one month after the Colts relocated from Baltimore, to Indianapolis. After his father suffered a stroke in 1995, Jim assumed day-to-day management with the role of Senior Executive Vice President, General Manager and Chief Operating Officer in April 1996. When his father died in 1997 Jim engaged in a legal battle with his stepmother over ownership of the team, but later became the youngest NFL team owner at that time at 37.

Under Irsay’s ownership, the Indianapolis Colts have had substantial success and stability thanks to the play of quarterbacks Peyton Manning, drafted in 1998, and Andrew Luck, drafted in 2012.

Irsay’s most notable contributions to NFL operations have come through petitioning the commissioner to institute rule changes and penalties. After a playoff loss to the New England Patriots in 2003 in which Peyton Manning threw four interceptions, Irsay petitioned the NFL Competition Committee, a committee that included Indianapolis Colts president Bill Polian to make rules on pass interference stricter. Likewise Irsay and Bill Polian advocated rule changes that would lower the threshold for what constitutes a “roughing the passer” penalty. Such advocacy was considered controversial given Polian’s role on the committee and the perception that the rules would disproportionately favor the Indianapolis Colts in relation to the league’s other member clubs. Similarly in 2015, after losing to the New England Patriots in the playoffs in consecutive years, Indianapolis Colts general manager Ryan Grigson initiated a complaint to the NFL about an alleged equipment violation.

But Irsay has also lobbied to protect the image of the NFL. In 2009 Irsay was vocal about preventing a group that included talk-show host Rush Limbaugh from purchasing the St. Louis Rams. “I, myself, couldn’t even consider voting for him,” Irsay said at an NFL owners meeting. “When there are comments that have been made that are inappropriate, incendiary and insensitive… our words do damage, and it’s something we don’t need.” Irsay has made political contributions to John Edwards and Harry Reid.

James Irsay
Irsay (left) with President George W. Bush in April 2007
Born	June 13, 1959 (age 57) Lincolnwood, Illinois, United States
Residence	Carmel, Indiana
Nationality	United States
Education	Southern Methodist University
Known for	owner of the Indianapolis Colts
Net worth	US$2.3 billion (September 2015)
Spouse(s)	Meg Coyle (1980-2013, divorced)
Children	Carlie Irsay Casey Irsay Kalen Irsay
Parent(s)	Robert Irsay Harriet Pogorzelski

Source:wikipedia