News Details
Maldonado at risk of losing financial support
– A shadow of uncertainty has been cast over Pastor Maldonado's Formula 1 career, following a decision by the Venezuelan government to slash motorsport funding and switch its focus to other fields.Maldonado, who spent three seasons at Williams before moving to Lotus for the 2014 campaign, has long been backed by state-owned oil company PDVSA, in an agreement that includes significant financial support."I know I am going to make some enemies, but there will not be another dollar for motorsport," Antonio Álvarez, Venezuela's new sports minister, explained in an interview with native daily newspaper Ultimas Noticias."It is unfair to use state money in disciplines that do...
Full Story »
Full Story »
11y ago from GPUpdate.net
0
You May Also Be Interested In...
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
Hamilton 'never expected' four in a row
Mercedes AMG Petronas
World championship leader Lewis Hamilton says he...
11y ago from F1Zone.net
Arsenal FC Striker Lukas Podolski Shows Support for...
Arsenal FC striker Lukas Podolski showed his support for F1 legend...
11y ago from NDTVSports.com
Elsewhere On The Network
Popular On MGPToday.com
How far has Francesco Bagnaia fallen behind compared...
No description available...
6h ago from Motorsport.com
Franco Morbidelli renews with VR46 Racing Team for...
Franco Morbidelli has announced he will remain a satellite Ducati rider...
9h ago from MotorsportWeek.c...
Marc Marquez's crash tally halves in 2025 as Ducati...
No description available...
8h ago from Motorsport.com
VR46 Ducati retains Franco Morbidelli for 2026 MotoGP...
No description available...
10h ago from Motorsport.com
Popular On IndyCarToday.com
Will Power released after 17 years with Team Penske
Team Penske has parted ways with veteran IndyCar driver Will Power, the...
5h ago from MotorsportWeek.c...
Will Power and Team Penske officially part ways after...
No description available...
5h ago from Motorsport.com
Scott McLaughlin praises Kyffin Simpson after titanic...
Two Team Penske drivers finished on the podium in IndyCar’s season...
1d ago from MotorsportWeek.c...
Winners and Losers of the 2025 IndyCar Nashville...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Toyota’s Sebastien Ogier races to thrilling comeback...
No description available...
2d ago from Motorsport.com
Sebastian Ogier wants WRC title by “winning...
No description available...
1d ago from Motorsport.com
WRC championship twist as Hyundai retires Adrien...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Piero Hincapie reveals what Granit Xhaka told him...
New Arsenal signing Piero Hincapie has admitted he spoke to former Gunner...
5h ago from SportsKeeda.com
Arsenal latest: Gyokeres defends 'player power' claims...
No description available...
6h ago from SkySports.com
8 signings, 11 outgoings: All the details from...
It has been a frantic summer at Arsenal as Andrea Berta has made his mark...
7h ago from FreshArsenal.com
Rio Ferdinand names best value for money signing this...
Pundit Rio Ferdinand has delivered his verdict on the signing of the...
9h ago from SportsKeeda.com
Comments
Hottest News
Staggering Newey admission emerges over Verstappen to Aston...
Adrian Newey has discussed Max Verstappen’s... Read More »
7h ago from GPFans.com
Ferrari ditch famous red colours for Italian Grand Prix
The Ferrari F1 team have veered away from their... Read More »
2h ago from GPFans.com
F1: Abu Dhabi's CYVN Holdings takes full ownership of...
Abu Dhabi's CYVN Holdings has completed its... Read More »
2h ago from Pitpass.com