McLaren play down Apple buyout rumours

McLaren have denied reports that they could be bought by electronics multinational Apple.

The Financial Times had cited three sources who said that the Woking-based company, also including the F1 team, had been approached by Apple in a deal that could be worth up to £1.5bn.

Yet a McLaren spokesman said: "We can confirm that McLaren is not in discussion with Apple in respect of any potential investment."

However, he added: "The nature of our brand means we regularly have confidential conversations with a wide range of parties, but we keep them confidential."

In July, Apple - working on their so-called 'Apple Car' project - were linked with F1's commercial rights, but the sport was instead bought by Liberty Media.