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SPM meaning in Sports ?

Sports Miscellaneous in Sports 10 months ago

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What is Schmidt Peterson Motorsports mean?

Schmidt Peterson Motorsports, LLC, doing business as Arrow McLaren SP, is an auto racing team that currently competes in the IndyCar Series. The team is based in Indianapolis and is owned by quadriplegic former driver Sam Schmidt and Ric Peterson.

The team was originally founded by Schmidt in 2001 as Sam Schmidt Motorsports. Fellow ex-driver Davey Hamilton joined as co-owner in 2011 to form Schmidt Hamilton Motorsports, with Peterson joining in 2013 to form Schmidt Peterson Motorsports. Hamilton is no longer involved in the ownership of the team.

In 2019, primary sponsor Arrow Electronics became title sponsor for the team. For 2020, the team reached an agreement with McLaren Racing to become a joint entry, with the combined team being known as Arrow McLaren SP. Schmidt and Peterson remained as the sole co-owners with McLaren having had no ownership stake until it was announced on August 8, 2021 that McLaren was acquiring a 75% majority stake, to be completed later in the year.

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