Sam Schmidt and Ric Peterson have departed the Arrow McLaren team after McLaren Racing completed its buyout of the NTT IndyCar Series outfit. The completion of the purchase follows McLaren’s ...

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% ...

It was the final phase of its buyout from partners Sam Schmidt and Ric Peterson. “This is an exciting step for McLaren Racing as we grow and strengthen our presence in North America, which is a ...

McLaren Racing is set to gain full control of the Arrow McLaren IndyCar Team, a move that completes a long-term buyout from former co-owners Sam Schmidt and Ric Peterson. Starting as Schmidt ...

Heading into 2021, McLaren bought out a majority share of the team, 75%, leaving former shareholders Sam Schmidt and Ric Peterson holding onto the final 25%. Now, both of those latter two men will ...

The final move took place as the clock struck midnight on New Year's Eve on Tuesday -- Schmidt and Ric Peterson, his partner since 2013, sold their remaining 25% stake in what's now known as Arrow ...