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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 75-per…
Sam Schmidt and Ric Peterson have departed the Arrow McLaren team following McLaren Racing’s complete buyout of the NTT IndyCar Series outfit. The purchase was finalized after McLaren acquired 75 percent of the team in 2021. Schmidt founded the organization in 2001 as Sam Schmidt Motorsports and later added Peterson as co-owner in 2013. The team transitioned through various rebranding phases and ownership alignments, culminating in McLaren’s full ownership in 2023. Despite mixed emotions, Schmidt expressed gratitude for the team’s growth and success, while Peterson praised their accomplishments and the team’s strong foundation. McLaren Racing CEO Zak Brown appointed Tony Kanaan as team principal to lead Arrow McLaren into the future, emphasizing the team’s commitment to building a championship-winning NTT IndyCar Series team in North America.
