News Details
Maldonado's future uncertain as funding to be cut
Pastor Maldonado's future in Formula 1 may come to an end if he can't prove his talent alone is worthy of a drive, after news that his funding could be cut. The Venezuelan receives around £25 million ($42m) a year from his country's government via state-owned oil company PDVSA, which makes him an attractive prospect to any cash-strapped team. However Venezuela's new sports minister, Antonio Álvarez, has stated that all motorsport funding will be redirected to other sports, bringing an end to Maldonado's financial backing. "I know I am going to make some enemies, but there will not be another dollar for motorsport," he explained in an interview with Ultimas Noticias....
Full Story »
Full Story »
11y ago from TheF1Times.com
0
You May Also Be Interested In...
Sports minister hints Maldonado money at risk
Lotus F1 Team
Venezuela's new sports minister has hinted that Pastor...
11y ago from F1Zone.net
Venezuelan government funding may end for Maldonado
Hugo Chavez with Pastor Maldonado in 2011
The Formula 1 party may soon be...
11y ago from GrandPrix247.com
Formula E gets £40m funding boost
The ten Formula E team principals at the Donnington Park launch of the...
11y ago from espnF1.com
Maldonado's Venezuelan backing could end
May 20, 2014 .- The F1 party may soon be over for Pastor Maldonado. Until...
11y ago from F1Plus.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez: Accepting I might not win at Barcelona...
No description available...
6h ago from Motorsport.com
Brad Binder explains KTM’s rapid pace in Catalan GP...
No description available...
8h ago from Motorsport.com
Brad Binder leads KTM 1-2 in second Barcelona MotoGP...
Brad Binder set a new all-time lap record around the Barcelona circuit to...
10h ago from MotorsportWeek.c...
Francesco Bagnaia baffled by nightmare Catalan GP...
No description available...
8h ago from Motorsport.com
Popular On IndyCarToday.com
Rinus VeeKay separates from Dale Coyne Racing
Rinus VeeKay will not race with Dale Coyne Racing next season after...
3d ago from MotorsportWeek.c...
Colton Herta leaves IndyCar to pursue F1 with Cadillac...
The Cadillac F1 Team has announced that it has hired IndyCar star Colton...
2d ago from MotorsportWeek.c...
Will Power to replace Colton Herta at Andretti in 2026
No description available...
2d ago from Motorsport.com
IndyCar moves street race from Toronto to Markham for...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Toyota’s Sebastien Ogier races to thrilling comeback...
No description available...
5d ago from Motorsport.com
Sebastian Ogier wants WRC title by “winning...
No description available...
4d ago from Motorsport.com
WRC championship twist as Hyundai retires Adrien...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal plot surprise decision after ‘smart...
Arsenal handed a new contract to Belgian attacker Leandro Trossard last...
11h ago from CaughtOffside.com
'Clause only for Liverpool' revealed as Reds have edge...
Liverpool have the edge over Premier League rivals such as Chelsea and...
17h ago from CaughtOffside.com
Sources: Tottenham to try again for 50m Arsenal target...
Tottenham are continuing to show a strong interest in a potential transfer...
14h ago from CaughtOffside.com
Club accelerating efforts to sign Arsenal star while...
Arsenal are reportedly still facing interest in versatile Belgian attacker...
15h ago from CaughtOffside.com
Comments
Hottest News
Jeremy Clarkson says F1 drivers are all fine - EXCEPT ONE
Jeremy Clarkson has released a cryptic post about... Read More »
4h ago from GPFans.com
F1 2025 Italian Grand Prix – FP2 Results
McLaren's Lando Norris topped the times in the... Read More »
9h ago from MotorsportWeek.com
Ferrari 'is not consistent, but it is fast', claims Leclerc...
Having ended up second in both practce sessions... Read More »
29m ago from F1Technical.net
