Jim Irsay was today formally charged on two counts by a Hamilton County court in relation to his arrest in March.

The Indianapolis Colts owner is facing charges of:

- Operating a vehicle while intoxicated, and

- Operating a vehicle with a schedule I or II controlled substance or its metabolite in the body.

Irsay was originally arrested March 16 when police stopped his vehicle to find $29,000 in cash and a number of bottles of prescription drugs. 

HIs legal team have since claimed the drugs in question were oxycodone and/or hydrocodone.

Immediately following the incident the 54-yr-old entered himself into rehab, with the day-to-day running of the Colts handed down to his daughter.

A hearing has been scheduled for June 19 and Irsay's legal team released a statement on his behalf:

"We want to thank the Hamilton County Prosecutor's Office for its professionalism in its investigation regarding Mr. Irsay and for devoting the necessary care and attention to determine the facts in this matter did not warrant the filing of felony charges relative to Mr. Irsay's prescription medications.

"Mr. Irsay will deal with the remaining misdemeanor charges through the judicial process," read the statement.

Irsay is also facing some sort of reprimand from the NFL, with commissioner Roger Goodell intermitting this week that he will deal with the Colts owner when he has the appropriate facts collected.

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