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3mo ago

McLaren Racing Acquires Full Ownership of Arrow McLaren IndyCar Team

Sam Schmidt and Ric Peterson sell remaining stakes, marking the end of their ownership as McLaren strengthens its presence in North American motorsport.

Overview

  • McLaren Racing finalized its complete buyout of the Arrow McLaren IndyCar team on December 31, 2024, acquiring the remaining 25% stake from Sam Schmidt and Ric Peterson.
  • Schmidt, who founded the team in 2001, and Peterson, a co-owner since 2013, expressed mixed emotions as they stepped away from the team they helped build into a competitive force in IndyCar.
  • The team has achieved notable success under McLaren's majority ownership since 2021, including seven wins, multiple top-five championship finishes, and a recent expansion to three full-time entries.
  • Arrow McLaren's 2024 season included three victories by driver Pato O’Ward, who will be joined by Christian Lundgaard and Nolan Siegel for the upcoming 2025 campaign.
  • McLaren CEO Zak Brown emphasized the acquisition as part of McLaren’s strategy to grow its footprint in North America and build on the team’s foundation for future championship success.