News Details
Maldonado denies Venezuelan funding to end
Pastor Maldonado
Lotus driver Pastor Maldonado has denied his Formula 1 sponsorship funding, from his homeland, 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 Formula 1 adventure is now ending.
'There was a very big...
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10y ago from GrandPrix247.com
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