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.

Following its purchase of a 75% majority stake of Sam Schmidt and Ric Peterson's IndyCar team in 2021, McLaren Racing has bought the final 25%

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 bought a 75% stake in the IndyCar team in 2021, which had evolved from Schmidt-Peterson Motorsports to Arrow McLaren SP and most recently to Arrow McLaren IndyCar Team in

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