McLaren is now 100 percent owner of the Arrow McLaren IndyCar Team after the final phase of ownership was transferred from partners Same Schmidt and Rick Peterson.

McLaren Racing announced on Friday that the team has acquired full ownership of Arrow McLaren, the team’s entry in the NTT IndyCar Series, finalizing their buyout of the team from Sam Schmidt and Ric Peterson.

McLaren Racing has sole ownership of the Arrow McLaren IndyCar Team, effective Dec. 31, following the final phase of its buyout from Sam Schmidt and Ric Peterson, deepening its commitment to motorsport in North America.

McLaren Racing has bought out its former IndyCar co-owners Sam Schmidt and Ric Peterson as the team grows its North American presence.

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