Colts claim Jim Irsay turned down $3.2 billion offer for the team

Getty Images

The Colts are not for sale. If they are, it’s going to cost more than $3.2 billion to get them.

Via the Indianapolis Star, the team has confirmed that owner Jim Irsay rejected an offer from an unspecified buyer of $3.2 billion for the franchise. The identity of the potential buyer was not disclosed. A team spokesperson also told the Star that the Colts are not for sale.

If it’s true that some unknown bidder offered $3.2 billion for the Colts, and if the offer had been accepted, that would have been a record price tag for any NFL team. Last year, David Tepper bought the Panthers for $2.3 billion.

And there’s no way to know whether it’s true, unless and until the unidentified buyer becomes identified — and unless and until the unidentified buyer confirms the rejected offer. Otherwise, it’s possible that the team is for sale, and that telling the world that a $3.2 billion offer was rejected sends a message that it will cost more than that to get the team.

Like, perhaps, $3.2 billion and Weird Al Yankovic’s accordion.

74 responses to “Colts claim Jim Irsay turned down $3.2 billion offer for the team

  1. $3.2 Billion for the Colts? How much are the LA Chargers worth with the better part of $650 million relocation fee still due NFL owners? In addition, any sane buyer would want to move LA Chargers back to San Diego or….Mexico City. Another relocation fee of $650 million, all on top of the cost of the team. Nobody would buy it. Don’t forget another $350 million to upgrade Qualcomm. Not worth the hassel.

  2. Because what he wants is to be vindicated as a good owner, look at his continual social media posts boasting his weird claims.
    To sell the team means he loses that. In other words, no amount of $ can be offered to give Irsay what he truly desires.

  3. Yeah as bet Irsay’s music and guitar collection may be the most expensive collection in the world. Or one of the most. But really now he has to hope and pray his team can get to the playoffs and more now that Andrew Luck is no more.

  4. Was the 3.2 billion dollar fake offer made on the corner on the East Side of Indiana under a broken street light?

  5. I am sure everyone is going to make this huge deal but so what? I turn down offers for my house all the time. I want my house. Now I am confident that isn’t the going rate for a franchise but to me that just meas he wants to keep the team.

  6. And most Colts fans are wishing he would sell. It may only take a private concert from The Who to get it done.

  7. Jim Irsay strikes me as a man that loves the notoriety of owning an NFL franchise more than he loves $3.2B

    This is also why the Dallas Cowboys will never be sold while Jerruh is alive. Ditto for 49ers and Washington.

  8. arrowhead816 says:
    September 4, 2019 at 8:53 pm
    Forbes lists the Colts value at $2.65 Billion…Jim could walked away with a $700 mil profit….I would’ve taken the money

    ——-

    Irsay inherited the team. It’s all profit to him, although I’m sure he’s transferred ownership to his daughters for estate planning

  9. tylawspick6 says:
    September 4, 2019 at 8:57 pm
    one of the all time greatest morons in sports history

    ————

    So salty with hate and jealousy. Irsay is one of the better owners. He may be eccentric but he provides the resources to make his team successful and gives a lot to charity.

    He had an issue with pain that led to addiction. He admitted his mistake like a man and served his punishment.

    Colts have been since 2000 to the playoffs more than any other team except for your cheating Patriots.

  10. Colts worth 3 billion??

    Teams like Dallas , Giants, Pats, Steelers, gotta be with 5 billion or more.

    Ridiculous money.

    But they’ll still make fans pay full price for pre- season!!

  11. This smells fishy, as usually someone offering that high of an amount, aren’t going after a single NFL team, but any team who owner will sell.

    So either other teams will most likely get similar offers, OR someone just jokingly asked/jokingly tried to buy it.

    There is also the possibility the potential bidder wanted the Colts and only the Colts, but that’s very unlikely in my opinion.

  12. I can see this being true.

    Colts as a franchise has a lot going for it and maybe the buyer thought with Luck retiring now would be a good time to make an offer.

    3.2b isn’t that outrageous. The franchise will probably be valued at that in a few yrs.

  13. The Irsays are a rotten family from the dad to the son. If Irsay was offered 3.2 B for his club, then he would’ve already sold it 3 times over and bought one of the 25 other teams that are valued way higher by Forbes!

  14. “Colts claim Jim Irsay turned down $3.2 billion offer for the team”

    And Colts fans around the world cried in unison.

  15. This means the team really is for sale. He just wants a bid higher then $3.2 billion. It’s thew old “I wouldn’t sell this (fill in the blank) for any price” only to sell it for top dollar later. If I was going to offer someone $3.2 billion for a NFL team it would not be the Colts.

  16. I remember when the expansion Browns were ought in 1999 for 500 million , and people said said that was ridiculous. James Irsay bought the colts for 15 million in 1972, so it looks like his team went way up in value

  17. As if Luck retiring was not bad enough news for Colts fans, now they learn Irsay turned down an offer for the team.

    If the bad news continues for Colts fans, some of us might feel empathy.

  18. Anything is worth what someone is willing and able to pay for it. There are only 32 NFL teams and only a couple of them might be available for purchase at any one time. The 400 richest Americans now own more than the bottom 150 million Americans. For them 3.2 billion is just pocket change.

  19. Irsay is a horrible owner. He’s been lucky that the 2 years Manning and Luck were coming out he landed the top pick. If they didn’t have those two guys they would be worse than the Browns.

  20. TV money is quarter of billion A YEAR, PER TEAM every team is required to be in the black BEFORE that’s figured in, parking, concessions, the list of revenue streams goes on and on. Why on earth would Irsay sell, what else could an accident of genetics like him, Johnson from the Jets, Brown from the Bengals and the rest possibly do to top the NFL situations they’re in? Nothing, Irsay must have to pinch himself daily to keep from thinking it’s all just a hallucination.

  21. 3.2 Billion for a small market franchise that needs the help of local businesses to sell enough tickets to not have games blacked out even though they play in one of the smallest stadiums in the league and are relatively successful because half the residents aren’t even fans of the team let alone care about football outside of college level.

    I don’t see it. More importantly who just randomly volunteers info like that to the media even if it was true.

  22. There are several other teams that are actually available: Seattle where there is no owner and Tennesee where the ownership is split and they are challenged with the inheritance taxes.

    I suspect Irsay is attempting to borrow against the club’s value, so he needs it to be as large as possible to make the loan seem less risky and therefore a lower interest rate.

  23. Thetruthspeaks says:
    September 4, 2019 at 9:44 pm
    tylawspick6 says:
    September 4, 2019 at 8:57 pm
    one of the all time greatest morons in sports history

    ————

    So salty with hate and jealousy. Irsay is one of the better owners. He may be eccentric but he provides the resources to make his team successful and gives a lot to charity.

    He had an issue with pain that led to addiction. He admitted his mistake like a man and served his punishment.

    Colts have been since 2000 to the playoffs more than any other team except for your cheating Patriots.

    ———————
    Putting aside the eccentrics or any substance things. Still the one thing Irsay has NOT done has been to “provide the resources to make his team successful”. In fact he has been horrible about that to such a degree that he squandered the career of a potential HOF QB that could have led his team to great things given any fair chance. And you dont want to start throwing stones at some other team having ever been caught once at anything (because made up nonsense doesn’t count) when your own team has been caught multiple times doing stuff. All they have. Actually, the Patriots are above average cleanliness in the league wide picture, and even at that most ofvtheir history is pre-Belichieck (pre Kraft even). They are certainly not at the level of Jacksonville or Arizona (the two cleanest and kudos to both) but still better than half the league, while Indy is actually one of the worse teams for infractions.

  24. Was there ever a point in time when Irsay wasn’t a parody of himself? He’s like what a Saturday Night Live skit would portray an owner as.

  25. “Irsay is one of the better owners. He may be eccentric but he provides the resources to make his team successful”
    _______________

    Like how he took two great QBs in succession and never gave them a decent line or a good overall supporting cast and stuck them with questionable coaching?

  26. arrowhead816 says:
    September 4, 2019 at 8:53 pm

    Forbes lists the Colts value at $2.65 Billion…Jim could walked away with a $700 mil profit….I would’ve taken the money
    ———————————-

    Especially with concussion concerns and all of that, it’s a risk to keep the team, however, a calculated one. I would say in 10 years you could easily all NFL teams value increase to 3 billion, just because revenue streams keep getting generated by the league as technology increases. Streaming services are working hard to compete for NFL business in the future. Even Yahoo has paid for the ability to stream a few games a week. Imagine basically printing money owning an NFL franchise today, and having people clamoring to get into the market offering even more earning potential. NFL team owners are sitting pretty.

  27. mogogo1 says:
    September 5, 2019 at 10:41 am
    —————–

    Like how he took two great QBs in succession and never gave them a decent line or a good overall supporting cast and stuck them with questionable coaching?
    ———————————————————————

    You seem to be suggesting that the Peyton Manning Colts never had a good offensive line, or a good overall supporting cast (Manning is obviously one of the ‘two Great QBs in succession’). Peyton Manning had an excellent offensive line, with some excellent Pro-bowl, if not HOF, players (Glenn and Saturday), and Manning had a great supporting cast on offense and many of those Colts teams had some excellent defensive players (Sanders, Freeney, Mathis, etc.), in spite of all the excuses people want to make for the many one-and-done appearances of those Manning teams.

    As far as questionable coaching is concerned, Manning has a very good Head Coach when Dungy was his Head Coach, even if Dungy in the HOF is questionable.

    Luck did not have as good of a supporting cast as Manning, anywhere, and most of his o-lines had their share of problems but, among those problems, was Luck’s tendency to hold the ball too long.

  28. So what I got from this article is that its unknown who the buyer is aka Irsay is seeking to sell the team. Also the starting price is at 3.2 billion in order to start discussing deals.

Leave a Reply

You must be logged in to leave a comment. Not a member? Register now!

This site uses Akismet to reduce spam. Learn how your comment data is processed.