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....
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9y ago from TheF1Times.com
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