Technology giant Apple has reportedly recently approached McLaren regarding a potential takeover or investment.
McLaren, however, have stated that it was “not in discussion” with Apple, but had often held “confidential conversations with a wide range of parties”.
Despite this, the statement did not deny an approach by Apple.
The Financial Times has reported that the team could be valued between £1bn and £1.5bn, and a possible deal could give Apple access to technology surrounding reports that it is working on a self-driving car.
“Owning McLaren would be Apple waving a big flag over its intention to enter the car industry,” Jasper Lawler, market analyst at CMC Markets spoke.
“As a high-end technology company, Apple appears to want to be at the high, cutting-edge end of the car industry too.”
Apple has employed a number of experts in this area over the past year and is currently looking at making charging points for electric cars.
“We can confirm that McLaren is not in discussion with Apple in respect of any potential investment,” a spokesperson for McLaren said.
“As you would expect, the nature of our brand means we regularly have confidential conversations with a wide range of parties, but we keep them confidential.”
Following the report that Apple could be looking at a takeover, they stated that they “[do] not comment on rumours or speculation“.