Indianapolis Colts owner Jim Irsay pens open letter vowing to right the ship

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Indianapolis Colts owner Jim Irsay released an open letter on Friday highlighting his disappointment in their tumultuous season.

The Colts finished with the fourth-worst record in the NFL at 4-12-1 despite entering the year with "the highest hopes for a division title and a deep playoff run", according to Irsay.

It was the fourth season in a row the Colts came into Week 1 with a new starting quarterback, and when faced with a shaky 3-5-1 start and uncertainty at the position, Irsay made the decision to fire head coach Frank Reich.

That was the first time since taking control of the team in 1997 that Irsay had fired his head coach mid-season, and his next move raised even more eyebrows as he decided to bring in long-time friend and legendary former Colts offensive lineman Jeff Saturday as Reich's replacement.

Saturday had never been a head coach at any level prior to his appointment, and after winning his first contest in charge, Indianapolis closed the season on a seven-game losing streak.

In his letter, Irsay said: "I share your frustration. I can't stand losing, and I hate letting down our fans, and we had too much of both last year.

"But please know this – no one is more unsatisfied than I am. No one has higher expectations than I do. And no one wants to win for our fans and our community more than the people in our organization wearing the Horseshoe every day.

"So as I've always said, the responsibility for making us better ultimately falls on me, and our offseason work has already begun. That includes our search for our next head coach, preparing for an important draft in April and continuing to bolster the talented core of players already on our roster.

"No one can ever guarantee wins or losses. But as long as I'm owner, I can guarantee that winning championships will always be my goal, and I'll be doing everything I can to help get us there. That's what you deserve, and that's what we'll be working hard to deliver."

The Colts own the fourth pick in the upcoming NFL Draft, and pundits have speculated about whether they will take the gamble of trading up to number one or two to ensure they land one of college football's top quarterbacks.