Apple looking to invest into F1 racing Team

We quite often hear things about apple investing in different businesses by the means of purchasing millions of dollars into stock, share holders or even percentage of companies, but this is to be a first for apple to adventure into the F1 racing market. Is it true or is it a hoax. Although Mclaren has said that they can not confirm such talks, or even transactions, but its been lead to believe that apple are looking to pay approx £1.5 billion to take ownership of an F1 team.
Why shouldn’t apple venture into this market, after all they are working on hybrid cars and also looking into auto derivable cars for the future. I wonder what the car would look like if apple was to have any input into a F1 team. Possibly like the above picture?

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