Longtime Indianapolis Colts owner Jim Irsay has died at the age of 65, the team announced on Wednesday.

The Colts shared a statement via social media on Wednesday that left the sports world shocked. The team said that Irsay “passed away peacefully in his sleep” on Wednesday afternoon.

“We are devastated to announce our beloved Owner & CEO, Jim Irsay, passed away peacefully in his sleep this afternoon. Jim’s dedication and passion for the Indianapolis Colts in addition to his generosity, commitment to the community, and most importantly, his love for his family were unsurpassed,” the team said in its statement.