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Irsay facing four felony counts of possession

After his arrest Sunday night, Colts owner Jim Irsay reportedly faces four felony counts of possession and and one misdemeanor count of operating a vehicle while intoxicated.

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Brian Spurlock-US PRESSWIRE

At 11:41 p.m. ET on Sunday, Colts owner Jim Irsay was arrested in Carmel, IN - a northern suburb of Indianapolis - after being stopped for driving slowly and failing to signal. Irsay then failed several roadside sobriety tests and was arrested for intoxicated driving and possession of a controlled substance.

Per a reports from Indianapolis Star reporters Kristen Guerra and Bill McCleery, Irsay now faces four felony counts of possession and and one misdemeanor count of operating a vehicle while intoxicated. The controlled substance found in Irsay's car were several bottles of Schedule IV prescription drugs, per Guerra's Twitter handle.

Irsay remains in jail and is expected to be released later this afternoon.

Other prescription drug bottles were found in Irsay's car, but they were not associated with the Schedule IV drugs also found.

Irsay has had issues in the past dealing with his addiction to pain medicine. Per the Indy Star's report, the Colts are still gathering facts before releasing a public statement.

[UPDATE]

Colts statement: