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McLaren increase their IndyCar commitment as they buy majority stake
Article To news overview © McLaren McLaren Racing are set to increase their shareholding in the Arrow McLaren SP IndyCar team, with McLaren becoming 75 percent owners of the team once the transaction is complete. McLaren entered into a partnership with Schmidt Peterson Motorsports for 2020, marking their return to IndyCar on a fulltime basis for the first time in over 40 years. This partnership is now set to become a majority shareholding for McLaren, although financial terms of the deal are not being disclosed. A new five-person board will oversee the team, with three McLaren appointees as well as Sam Schmidt and Ric Peterson continuing on the board. It will be chaired by McLaren Racing...
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4y ago from RacingNews365.com
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