The Indianapolis Motor Speedway announced Friday that Casey Irsay Foyt, the daughter of the late Indianapolis Colts owner Jim Irsay, will serve as the honorary starter and wave the green flag for Sunday's 109th Indianapolis 500.

Jim Irsay, the owner and CEO of the Indianapolis Colts, died Wednesday at the age of 65, the team said in a statement.

And, once Jim Irsay inherited the franchise following the passing of his father, Bob, the Colts made their move toward the top of the NFL. Appearing this week on ESPN's NFL Live, Hall of Fame quarterback Peyton Manning explained how Irsay made Indy a football town.