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
Enea Bastianini in, Franco Morbidelli out for MotoGP...
No description available...
3h ago from Motorsport.com
Marco Bezzecchi reveals cause of ‘disappointing’...
Marco Bezzecchi revealed “braking more softly” may have been the...
5h ago from MotorsportWeek.c...
What riders are back on the MotoGP grid for Czech GP?
No description available...
1d ago from Motorsport.com
Fabio Quartararo bemoans Yamaha’s ‘zero...
Fabio Quartararo admits his Yamaha currently has “zero potential”...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Ed Carpenter Racing announces new Westfield...
No description available...
19h ago from Motorsport.com
Why it isn’t “unrealistic” for Alex Palou to...
No description available...
22h ago from Motorsport.com
Ed Carpenter Racing to build new IndyCar headquarters...
Ed Carpenter Racing announced on Tuesday that it will begin building a...
1d ago from MotorsportWeek.c...
Alex Palou opens ‘all the options’ in Ganassi’s...
Alex Palou won his seventh IndyCar race of the season on Sunday,...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Franco Colapinto is still fighting Alpine’s...
No description available...
1h ago from Motorsport.com
Rally Portugal criticism forces WRC, FIA to rethink...
No description available...
1h ago from Motorsport.com
Sudden failure forces Adrien Fourmaux out of Rally...
No description available...
1h ago from Motorsport.com
Sebastien Ogier spurns WRC title fight despite flurry...
No description available...
1h ago from Motorsport.com
Popular On GunnersToday.com
Revealed: Why Arteta has been pushing for surprise...
Arsenal feel they have got a good price for Noni Madueke, with Mikel...
2h ago from CaughtOffside.com
Report: Arsenal beat Liverpool and Manchester City to...
Arsenal look set to win the race for one of England’s most talked-about...
2h ago from FreshArsenal.com
Chelsea hold fresh talks with player linked with a...
Chelsea have commenced steps to hijack Arsenal's move for Crystal Palace...
1h ago from SportsKeeda.com
'Excellent work' – Andrea Berta praised as...
Arsenal director Andrea Berta has been praised by Charles Watts for his...
3h ago from CaughtOffside.com
Comments
Hottest News
Mercedes CEO gives ‘green light' to Max Verstappen F1...
Mercedes CEO Ola Kallenius has reportedly given... Read More »
1h ago from MotorsportWeek.com
F1 champion to end 28-year full-time racing career
Full-time racing is off the cards for Jenson... Read More »
52m ago from RacingNews365.com
Ferrari testing new rear suspension during Mugello filming...
In a bid to improve the performance of their 2025... Read More »
4h ago from GrandPrix247.com
