McLaren has signed a new multi-year sponsorship with Arrow Electronics, the world’s largest electronic components manufacturer. The deal will see the electronics company become an official partner of McLaren until 2022.
McLaren has landed a sponsor extension with Arrow Electronics.
MONTEREY, CALIFORNIA – With a sponsorship renewal from Arrow Electronics announced before of Sunday’s race in Laguna Seca, Sam Schmidt’s little IndyCar team took another step toward becoming an elite company.
Arrow’s name will remain on the Arrow McLaren SP team title until 2028. According to the organization, Arrow will continue to be a partner of the McLaren Formula One team.
The extension was announced as Pato O’Ward enters Sunday’s race second in the IndyCar standings, with a chance to win Arrow McLaren’s first championship. Schmidt drivers have won titles in the Indy Lights series, but not in the top-tier IndyCar series. Simon Pagenaud placed fifth in the rankings on two occasions.
Arrow, headquartered in Colorado, started with a small investment in 2015 and has steadily increased their financing each year thereafter, eventually becoming an entitlement sponsor of the racing team.
McLaren joins as a commercial partner in 2019 and will take over as majority owner from Schmidt and his business partner Ric Peterson at the conclusion of this season. The team name will remain the same, but it will be more obviously a McLaren production with a significant Arrow connection.
Schmidt’s development from a single-car team to an operation that aims to have three full-time cars by 2023 and has launched a genuine title challenge with O’Ward was something that Arrow Electronics chairman Mike Long was proud of. When Arrow became a partner, Long said Schmidt and Peterson were on a year-to-year plan.
“We all got down and spoke about where we wanted to be in five years.” Long remarked. “We’re going to put money into it.” If there’s a vision that says, ‘We’re going to win,’ we’ll be there with you. You are not need to win this year. You are not have to win next year, but we must.’
“We took the approach of saying, ‘We’ll be there, we’ll give resources for you to win, but we have to see the vision.’”
The squad faced a setback in 2018 when promising youngster Robert Wickens was injured in a car accident and suffered a spinal cord injury. Schmidt, who was paralyzed in a car accident in 2000, and Arrow, which developed a “exoskeleton” that enabled Schmidt to dance with his daughter at her wedding, have been supportive of Wickens’ rehabilitation.
Everything changed in 2019 when McLaren teamed up with Arrow and Schmidt to make a gradual comeback to the IndyCar Series. McLaren has seen aggressive driver turnover — the team recognized a superstar in O’Ward and snatched him up when he unexpectedly became available — as well as consistent development on the track.
O’Ward has won his first two IndyCar races this season — his triumph at Texas in May was the first for a Chevrolet outside of the Team Penske fleet since 2016 — and is now attempting to win the title for the team.
Schmidt said, “We’re not here to lose.” “We’ve been working on this for a long time; I believe a lot of drivers and teams have seen our vehicles, and they’ve noticed we’ve doubled our resources, which is exactly what we’ve intended to accomplish since 2013.”
Both O’Ward and Felix Rosenqvist are anticipated to return in 2022, and McLaren CEO Zak Brown has said that three cars would be available the following year. Brown recently celebrated a 1-2 McLaren sweep for the F1 team’s first victory in nine seasons last weekend, a feat that has energised both the IndyCar and F1 organizations.
Schmidt said of the IndyCar championship, “We’re anxious.” “However, it’s a nice nervousness; we want to be here.”
McLaren has extended their contract with Arrow Electronics, a sponsor of the British Formula One team. Reference: arrow mclaren sp.
- mission winnow
- arrow f1 sponsor
- splunk f1 sponsor
- mclaren f1 sponsors
- mclaren sponsors