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.