Indianapolis Colts owner Jim Irsay has been suspended for six games and fined $500,000 (£304,000) after pleading guilty to driving while intoxicated.

The NFL announced the penalties on Tuesday after Irsay violated the league's personal conduct policy and he will now be prohibited from attending games, practice or being present at the training facility.

"I acknowledge the mistake I made last March and stand responsible for the consequences of that mistake, for which I sincerely apologise to our community and to Colts fans everywhere," Irsay said, ESPN reports.

Irsay pleaded guilty and admitted to a judge of being under the influence of painkillers when he was arrested back in March near his home in an Indianapolis suburb.