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 »
11mo 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...
11mo 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...
11mo ago from GrandPrix247.com

Formula E gets £40m funding boost

The ten Formula E team principals at the Donnington Park launch of the...
11mo ago from espnF1.com

Maldonado's Venezuelan backing could end

May 20, 2014 .- The F1 party may soon be over for Pastor Maldonado. Until...
11mo ago from F1Plus.com

Elsewhere On The Network

Popular On MotoGPToday.com

More details emerge of Marquez injury

Further details have emerged regarding Saturday's finger injury for...
18h ago from Crash.net

Rossi & Marquez set to resume duel in Jerez

Valentino Rossi and Marc Marquez look set to resume their duel for the...
17h ago from MotoGP.com

Smith s ankle a four to six month injury

Bradley Smith may not mention it, but one glance at the Englishman...
14h ago from Crash.net

Popular On IndyCarToday.com

Montoya and Kimball disagree, both critical of race...

After a frantic IndyCar race at Barber, multiple drivers were left with...
1d ago from Motorsport.com

Five worthless opinions: Honda Grand Prix of Alabama...

Mark Wilkinson looks at this past weekend's IndyCar race and how it sets...
11h ago from Motorsport.com

Newgarden Takes Maiden Win at Barber

An outstanding race full of strategy and passing saw Josef Newgarden hold...

Mick Schumacher wins third-ever car race in German F4

Mick Schumacher, the 16-year-old son of seven-time Formula 1 World...
1d ago from Motorsport.com

Popular On TotalWRC.com

Pirelli Enjoy Positive Rally Argentina

Tyre manufacturer Pirelli enjoyed a positive outing on the XION Rally...

Quinn on top in Targa Tasmania

Tony Quinn and Naomi Tillett hold a narrow lead after the first day of...
6h ago from Motorsport.com

Encouraging start to World RX for Marklund Motorsport

Team Marklund Motorsport had an encouraging start to the FIA World...
10h ago from Motorsport.com

Latvala: Argentina DNF a bitter blow

Volkswagen's Jari-Matti Latvala says his failure to finish Rally...
13h ago from Crash.net

Popular On GunnersToday.com

Report: Manchester City to offer £30m for Jack...

Manchester City are preparing to offer Arsenal £30m to sign midfielder...
4h ago from SportsMole.co.uk

Playing For Arsenal My Dream – Wellington Silva

It has been reported that Almeria winger Wellington Silva says he's ready...
4h ago from Nastytackle.com

Report: Arsenal set to launch £24m bid for Pedro

Arsenal are preparing a £24m summer move for forgotten Barcelona winger...
3h ago from SportsMole.co.uk

Fan makes girlfriend pass an ARSENAL EXAM or face the...

Twitter/@saskiaisabxlla A girlfriend was made to do an Arsenal test She...
9h ago from Express.co.uk

Comments

comments powered by Disqus

Hottest News

Sutil set to take legal action against Sauber

The Hinwil based F1 squad Sauber's legal troubles... Read More »
20h ago from ThisIsF1.com

Hamilton to take part in Gumball 3000 Rally

Reigning Formula 1 World Champion Lewis Hamilton... Read More »
12h ago from FormulaSpy.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.