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 announced on Friday that it completed full acquisition of the Arrow McLaren IndyCar Team at the turn of

The announcement comes after McLaren Racing bought out remaining ownership from Sam Schmidt and Ric Peterson