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For 2020, the team reached an agreement with McLaren Racing to become a joint entry, with the combined team being known as Arrow McLaren SP. 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.
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.
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.
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.
Nov 29, 2021 · McLaren Racing announced today the confirmation of ownership of NTT IndyCar Series team Arrow McLaren SP with 75% majority shareholding, officially putting the team under the McLaren Racing...
The team will be governed by a new five-person board, comprising three McLaren Racing appointees together with Schmidt and Peterson, chaired by Zak Brown, CEO of McLaren Racing.
Nov 29, 2021 · McLaren Racing, Sam Schmidt, and Ric Peterson have completed the contract that will see McLaren take a 75-percent ownership position in the Arrow McLaren SP team that competes in the NTT IndyCar Series.
