McLaren Racing has introduced that it has acquired the only real possession of the Arrow McLaren IndyCar Crew, following the ultimate part of its buyout from Sam Schmidt and Ric Peterson, deepening its dedication to motorsport in North America.
McLaren purchased a 75% stake within the IndyCar group in 2021, which had advanced from Schmidt Peterson Motorsports to Arrow McLaren SP and most not too long ago to Arrow McLaren IndyCar Crew in 2023. Schmidt and Peterson retained minority possession between 2021 and 2024.
“That is an thrilling step for McLaren Racing as we develop and strengthen our presence in North America, which is a vital marketplace for our group and our followers,” McLaren Racing CEO Zak Brown stated. “Sam Schmidt and Ric Peterson have been nice companions and co-owners, and I need to thank them as we proceed to construct what they began a few years in the past, and that may be a championship-caliber NTT INDYCAR SERIES group.”
Talking of the announcement, Schmidt added: “Stepping away from my possession position with Arrow McLaren is bittersweet. This group has been my life’s work, rising from a dream right into a competitor on the highest stage.
“I’m endlessly grateful to the drivers, group members, companions and followers who made all of it potential and to McLaren for elevating the group’s potential. Whereas I’m stepping again from possession, my coronary heart will at all times be with this group, and I’ll be cheering for its continued success each step of the best way.”
Reflecting on the information, Peterson added: “Since I joined Sam as co-owner in 2013, it’s been rewarding to see this group evolve. We welcomed Arrow as title accomplice in 2019, we joined forces with McLaren in 2021, we turned a three-car NTT INDYCAR SERIES group in 2023, and we celebrated many poles, podiums and wins in Indy Lights and INDYCAR all through these years.
“This group has a powerful basis for achievement, and Sam and I are pleased with the place we go away it.”
Pato O’Ward, Nolan Siegel and Christian Lundgaard will kind Arrow McLaren’s three-driver lineup within the 2025 IndyCar season which is about to kick off on the 2nd of March with the Firestone Grand Prix of St. Petersburg.
