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 »
1y ago from GPUpdate.net 0
Share

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...
1y ago from GrandPrix247.com

Formula E gets £40m funding boost

The ten Formula E team principals at the Donnington Park launch of the...
1y ago from espnF1.com

Hamilton 'never expected' four in a row

Mercedes AMG Petronas World championship leader Lewis Hamilton says he...
1y ago from F1Zone.net

Arsenal FC Striker Lukas Podolski Shows Support for...

Arsenal FC striker Lukas Podolski showed his support for F1 legend...
1y ago from NDTVSports.com

Elsewhere On The Network

Popular On MotoGPToday.com

Honda apologise to Stoner for crash at Suzuka 8 Hours

HRC confirm Stoner crash in the Suzuka 8 Hours was due to throttle...
12h ago from MotoGP.com

Vinales thrown lifeline as Carrasco replacement

Isaac Vinales will replace the injured Ana Carrasco at the Red Bull...
7h ago from Crash.net

Aprilia to swoop for Bradl amidst Forward furore?

Forward Racing says it is still keen to retain agreements with its MotoGP...
7h ago from Crash.net

Honda Racing apologises to Casey Stoner following...

• Honda Racing acknowledges throttle malfunction was to blame in...
8h ago from TheGuardian.com

Popular On IndyCarToday.com

Q&A: Graham Rahal on his IndyCar title prospects

In an extensive interview, Graham Rahal talks about his chances of...
19h ago from SpeedCafe.com

Zanardi still wants to race at the Indy 500

Alex Zanardi has revealed an ambition to compete in the Indianapolis 500...
1d ago from Racer.com

Rahal: Mid-Ohio qualifying crucial for title push

Second generation racer Graham Rahal says he must qualify well at...
19h ago from SpeedCafe.com

IndyCar to introduce new rain tyre

– IndyCar has announced that a modified rain tyre will be...
1d ago from GPUpdate.net

Popular On TotalWRC.com

Latvala's sights set on a home hat-trick

Having triumphed in 2010, the 30-year-old claimed a second Finland...
7h ago from WRC.com

Junior debutant inspired by rally legend Loeb

Huttunen, 21, was chosen as rallying’s Future Star of Finland 2015 and...
11h ago from WRC.com

Flying blind: co-drivers set for bumpy ride

Finland's jumps can take your breath away
11h ago from WRC.com

Rallye de France returns to Corsica, for good or just...

If all the news, or should we call them threats guesses instead, are...

Popular On GunnersToday.com

Arsenal To Face Leicester City Competition For Charles...

It has been reported that Leicester City have entered the race to sign...
57m ago from Nastytackle.com

Reports - Arsenal tell Palermo: Make it £7m and Joel...

Arsenal have told Palermo to double their bid for Joel Campbell,...
4h ago from TalkSport.com

Gary Neville: Arsenal became more precious in...

Gary Neville: Arsenal became more precious in 2003...They didn't have...
4h ago from DailyMail.co.uk

PSG set to go head-to-head with Chelsea for £15m star

Chelsea’s hopes of bringing Abdul Rahman Baba to Stamford Bridge have...
4h ago from CaughtOffside.com

Comments

comments powered by Disqus

Hottest News

Ferrari to let Raikkonen option expire

Ferrari looks set to allow the 2016 'option' in... Read More »
10h ago from GrandPrix.com

Survey's in…F1 fans are mental

Formula 1 fans are confusing—well, at least... Read More »
2h ago from Formula1Blog.com

Recent News

2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.