McLaren Racing "confirmed sole ownership" of the IndyCar Team Arrow McLaren, "which went into effect on December 31, 2024," marking the final phase of the buyoutfrom Sam Schmidt and Ric Peterson. The buyout began in 2021, when McLaren bought a 75% stake in the program, leading to the eventual name change from Schmidt-Peterson Motorsports to Arrow McLaren in 2023. Schmidt and Peterson remained in minority ownership until the end of 2024. McLaren Racing CEO Zak Brown "stressed the importance of expanding and further rooting the organization with the takeover of the program in North America's premier open-wheel championship" (MOTORSPORT, 1/3).
McLaren Racing completes Arrow McLaren buyout
