The Indianapolis Colts announced the details of their team ownership transition Monday, following the death of former owner and CEO Jim Irsay. The succession plan set the groundwork for the Irsay family to retain ownership of the franchise.

The next generation of Indianapolis Colts ownership has been made official after longtime owner Jim Irsay passed away last month. In accordance with their father’s wishes, the team announced on Monday that Irsay’s three daughters will assume co-ownership of the team,

The Indianapolis Colts are moving forward with the late Jim Irsay’s transition plan for ownership, which calls for his three daughters to take charge of the club.