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McLaren Racing takes sole ownership of IndyCar program

McLaren McLaren Racing IndyCar Arrow McLaren Arrow Simon Pagenaud Zak Brown James Hinchcliffe NTT IndyCar Series

McLaren Racing has confirmed sole ownership of Arrow McLaren IndyCar Team, which went into effect on December 31, 2024. The full acquisition by McLaren Racing comes after the final phase of its buyout from Sam Schmidt and Ric Peterson.

The team that was originally run under the Schmidt-Peterson Motorsports banner was changed to Arrow McLaren SP in 2020, when McLaren bought a 75% stake in the IndyCar program in 2021. The name evolved to Arrow McLaren in 2023, with Schmidt and Peterson still involved in a minority ownership role during that time and up to the conclusion of 2024. 

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