McLaren Racing announced on Friday that of December 31 2024, they have taken full ownership of the Arrow McLaren IndyCar team.
In 2021, McLaren Racing bought a 75 percent stake in the team owned by Sam Schmidt and Ric Peterson.
Friday’s announcement brings to an end their ownership of an INDYCAR SERIES team which began in 2001.
Zak Brown, CEO, McLaren Racing said:
“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. 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 caliber NTT INDYCAR SERIES team.”
Ric Peterson, former owner, Arrow McLaren IndyCar Team, said:
“Since I joined Sam as co-owner in 2013, it’s been rewarding to see this team evolve. We welcomed Arrow as title partner in 2019, we joined forces with McLaren in 2021, we became a three-car NTT INDYCAR SERIES team in 2023, and we celebrated many poles, podiums and wins in Indy Lights and INDYCAR throughout those years. This team has a strong foundation for success, and Sam and I are proud of where we leave it.”
Sam Schmidt, former owner, Arrow McLaren IndyCar Team, said:
“Stepping away from my ownership role with Arrow McLaren is bittersweet. 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. While I’m stepping back from ownership, my heart will always be with this team, and I’ll be cheering for its continued success every step of the way.”
Arrow McLaren has expanded to a three car team in recent years and to help with that expansion they will move into what is soon to be Andretti Global’s former race shop and Andretti prepare to move into their nee shop.
Arrow McLaren has Pato O’Ward, Nolan Siegel and Christian Lundgaard for the 2025 NTT INDYCAR SERIES season.