McLaren Racing acquires full ownership of IndyCar team
McLaren Racing has acquired full ownership of its IndyCar Series team, organisation has confirmed.
Having initially purchased a 75% share in the outfit back in 2021, McLaren has now increased its holding to become the sole owner of the team after buying the remaining shares from former IndyCar driver Sam Schmidt, and Canadian businessman Ric Peterson.
The Arrow McLaren IndyCar team had previously been known as Schmidt Peterson Motorsports prior to McLaren’s arrival.
The acquisition comes ahead of this year’s IndyCar season, which begins on 2nd March with the Grand Prix of St. Petersburg in Florida.
“This is an exciting step for McLaren Racing as we grow and strengthen our presence in North America, which is a very important market for our team and our fans,” said Zak Brown, CEO of McLaren Racing.
“Sam Schmidt and Ric Peterson have been great partners and co-owners, and I want to thank them as we continue to build what they started many years ago, and that is a championship-calibre NTT IndyCar Series team.”
Schmidt added, “This team has been my life’s work, growing from a dream into a competitor at the highest level.
“I’m endlessly grateful to the drivers, team members, partners and fans who made it all possible and to McLaren for elevating the team’s potential.”
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