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Schmidt and Peterson remained as the sole co-owners until McLaren purchased a 75% stake after the 2021 season, with McLaren CEO Zak Brown installed as chairman. Schmidt and Peterson currently share the remaining 25% stake in the team and remain on the team's board of governors. [3]
Aug 8, 2021 · McLaren Racing has purchased a majority share in the IndyCar team it co-owns, Arrow McLaren SP. The company behind the Formula 1 team will now own 75% of the squad in a major increase of its IndyCar involvement.
- Jack Benyon
Aug 8, 2021 · McLaren Racing has taken the next step in its full-time return to the NTT INDYCAR SERIES by announcing today that it has entered into an agreement to acquire a majority share in the Arrow McLaren SP team.
Aug 8, 2021 · McLaren returned to full-time IndyCar competition in 2020 after a 40-year absence to create Arrow McLaren SP, forming a strategic partnership with title sponsor Arrow Electronics and SPM, bringing technical and engineering expertise to the existing operation.
McLaren Racing will become the majority shareholder in the team with a controlling 75% stake. McLaren Racing confirms today that it has completed the agreement to acquire the majority shareholding in the Arrow McLaren SP IndyCar team by the end of the year.
McLaren Racing CEO will chair a five-person board, which comprises the previous team owners, Sam Schmidt and Ric Peterson, along with three people appointed by McLaren Racing.
Nov 29, 2021 · McLaren Racing confirmed Nov. 29 that it has completed the agreement to acquire the majority shareholding in the Arrow McLaren SP NTT INDYCAR SERIES team by the end of the year.
