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 »
2y ago from TheF1Times.com 0
Share

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...
2y 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...
2y ago from GrandPrix247.com

Formula E gets £40m funding boost

The ten Formula E team principals at the Donnington Park launch of the...
2y ago from espnF1.com

Maldonado's Venezuelan backing could end

May 20, 2014 .- The F1 party may soon be over for Pastor Maldonado. Until...
2y ago from F1Plus.com

Elsewhere On The Network

Popular On MGPToday.com

Lorenzo says Red Bull Ring's Turn 2 "very...

Jorge Lorenzo has voiced concerns with the Red Bull Ring’s Turn 2 ahead...
22h ago from Motorsport.com

Opinion: Rossi screw-up ends title chances?

To call Sunday’s MotoGP race an unmitigated disaster for the factory...

Moto2: Who the hell is Luca Marini?

It’s not always the step up in racing to be a member of one of the...

Moto2: Zarco and Binder among riders sampling Red Bull...

Reigning Moto2 world champion Johann Zarco and Moto3 championship leader...

Popular On IndyCarToday.com

INDYCAR: Schmidt expects both drivers back in '17

Sam Schmidt expects to keep Schmidt Peterson Motorsports' full-time...
18h ago from Racer.com

Dean Stoneman to test for Andretti at IndyCar Watkins...

British driver Dean Stoneman is one of three drivers confirmed to test...
19h ago from GrandPrixTimes.c...

Target to end its Ganassi IndyCar sponsorship

Target is withdrawing from IndyCar at season’s end, after 27 years on...
1d ago from Motorsport.com

Stoneman to test with Andretti at Watkins Glen

Dean Stoneman will have a taste of driving an IndyCar when he...
23h ago from TheCheckeredFlag...

Popular On TotalWRC.com

SS2/3/4: Meeke edges Tänak in Finland

SS2/3/4: Meeke edgesTänak in Finland Kris Meeke and Ott Tänak set a...
4h ago from WRC.com

Finland WRC: Meeke takes early lead as Latvala and...

Citroen's Kris Meeke ended Rally Finland's Friday morning loop in the lead...
2h ago from Motorsport.com

SS5/6: Meeke clear as Tänak falls back

Broken suspension ruins Estonian’s victory hopes
2h ago from WRC.com

SS1: Honours even after Finland opener

Huge crowds pack Neste Rally Finland opener
17h ago from WRC.com

Popular On GunnersToday.com

Arsene Wenger hints at Mahrez-style signing

Arsene Wenger is still searching for attacking reinforcements this summer...
5h ago from AllArsenal.com

Arsenal close in on £37m transfer for 17-goal...

Arsenal are closing in on a £37 million move for Leicester City star...
5h ago from CaughtOffside.com

Wenger on the look-out despite ‘scary' prices

Arsene Wenger says he's still on the lookout for new players, but has...
3h ago from News.ArseBlog.com

Napoli Yet To Make Decision On Chelsea's £38M Bid For...

Reports are out claiming that Chelsea's offer for Kalidou Koulibaly...
3h ago from Nastytackle.com

Comments

Hottest News

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.