News Details
Maldonado denies Venezuelan backing to end
Pastor Maldonado has denied his sponsorship backing is ending.
Early this week, the new Venezuelan sports minister Antonio Alvarez warned the country will not spend "one more dollar" on motor racing.
But until now, 29-year-old Maldonado, famously close to Venezuela's late president Hugo Chavez, has been powered by state millions through the oil company PDVSA.
For 2014, that lucrative backing was moved from Williams to Lotus, where Maldonado has endured a nightmare start to his fourth season on the grid.
But in Monaco on Wednesday, he denied that his PDVSA-fuelled F1 adventure is now ending.
"There was a very big misunderstanding in the media," he told journalists in...
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12y ago from F1Zone.net
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