Indianapolis Colts owner Jim Irsay was arrested in Carmel after being spotted by police driving erratically. Police pulled him over late Sunday night in the area of 131st Street and Horseferry Road. He faces preliminary charges of operating a vehicle while intoxicated and possession of a controlled substance according to media reports and Hamilton County Jail officials. Irsay was taken to the Hamilton County Jail and his bond has been set at $22,500. He is scheduled to appear before a judge later today at 1:30 p.m.
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