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McLaren seals purchase of majority stake in Arrow McLaren SP
McLaren's deal to acquire a 75 percent stake in its affiliated IndyCar outfit Arrow McLaren SP is now done and dusted. McLaren Racing announced back in August an agreement to buy a majority stake in AMSP, the IndyCar joint venture between McLaren and Schmidt Peterson Motorsports. The transaction between the two entities - the financial terms of which were not disclosed - has now closed. The team's name and operations in Indianapolis will remain unchanged, while a deeper integration with McLaren’s personnel and engineering resources is anticipated. Read also: McLaren investment in IndyCar will 'benefit' F1 team - Brown The team will be governed by a five-person board chaired by McLaren...
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