McLaren Racing acquires full ownership of Arrow McLaren IndyCar Team
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3 January 2025 As of December 31, 2024, McLaren Racing has sole ownership of Arrow McLaren IndyCar Team following the final phase of its buyout from Sam Schmidt and Ric Peterson, deepening its commitment to motorsport in North America. McLaren bought a 75% stake in the IndyCar team in 2021, which had evolved from Schmidt-Peterson