McLaren Racing announced on Monday that it has officially concluded the deal to acquire a majority 75% shareholding in the Arrow McLaren SP NTT IndyCar Series team.
Arrow McLaren SP will consist of a five person board of management comprising of Sam Schmidt and Ric Peterson whe three appointees will come from McLaren.
The board will report directly to McLaren Racing CEO Zak Brown as will Arrow McLaren SP President Taylor Kiel.
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