Sources: McLaren Has Held Ownership Talks With IndyCar Team
McLaren Racing has spoken to IndyCar team Arrow Schmidt-Peterson Motorsports about buying at least part of the team, according to sources, but SPM co-Owner Sam Schmidt today denied to the Indianapolis Star that the team is for sale. McLaren is considering a full-time entry into IndyCar next year and could come in either as a standalone entry or by buying out part or all of a current team. McLaren has said that it is waiting until later this summer to make a decision on whether to enter full time for '20.
SPM title sponsor Arrow Electronics last week announced a deal to become a sponsor of McLaren Racing and business partner of McLaren Automotive and McLaren Applied Technologies, a tie-in that led to the revelation of the sale talks.