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McLaren Racing aims to acquire a majority stake in Arrow McLaren SP IndyCar team

The transaction between Mclaren racing and the Indycar team will close by the end of the year

Mclaren racing is a British motor racing team based at Mclaren Technology centre in England. Mclaren racing has been dealing to acquire 75% of the share in the Arrow Mclaren SP IndyCar team.

After 40 years of absence, Mclaren is back again with Indycar competition in 2020 to create a strategic partnership with the Arrow Schmidt Peterson Motorsports team. This team has governed with a five-person board which is three Mclaren appointees with Sam Schmidt and Ric Peterson all together. The transaction between Mclaren racing and the Indycar team will close by the end of the year and will see Mclaren racing take a 75% stake. Financial terms have not been disclosed.

President of the Arrow Mclaren SP “Tylor Kiel” will watch over the operation of the team and also lead the team, and he will report directly to the board. Zak Brown is the CEO of Mclaren racing, he is the one who formed the Schmidt Peterson Motorsports team in 2013.

Zak Brown said this collaboration with Mclaren racing is a strong signal of commitment to Indycar not only for the racing series but also as a marketing platform for Mclaren racing and their sponsor partners.

Mclaren racing supposes Indycar will build the brand in North America, the racing is second to none with the world’s best competitors in both drivers and teams. They have a highly engaged and passionate fanbase. In addition, Mclaren strengthened the Arrow Mclaren SP with the addition of sponsors Vuse, Mission food, Darktrace and a few more.

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