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 »
1y 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...
1y 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...
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

Maldonado's Venezuelan backing could end

May 20, 2014 .- The F1 party may soon be over for Pastor Maldonado. Until...
1y ago from F1Plus.com

Elsewhere On The Network

Popular On MotoGPToday.com

Stoner slams state of modern MotoGP

Casey Stoner has lambasted the state of modern MotoGP in comparison with...
9h ago from Motorsport.com

Pedrosa: It was a day to forget

Dani Pedrosa was left to reflect on a day to forget at Assen after the...
4h ago from Crash.net

Rossi wary of Marquez’s threat

Valentino Rossi has warned that Marc Marquez will strike back this year....
12h ago from SuperSport.com

Team bosses react to #RossiVsMarquez

Massimo Meregalli and Livio Suppo give their views on the dramatic final...
1d ago from MotoGP.com

Popular On IndyCarToday.com

Rahal plucks lucky IndyCar raffle ticket to take...

Graham Rahal pulled the lucky ticket in the Verizon IndyCar Series raffle...

Matthew Brabham set for Andretti IndyCar test

Matthew Brabham will have his first fully fledged IndyCar test on...
34m ago from SpeedCafe.com

IndyCar: 'Insane' race spurs critics, supporters

Several leading IndyCar drivers including Juan Pablo Montoya, Will Power...
2d ago from Racer.com

RACER Video: Robin Miller's message to IndyCar boss...

The RACER Channel's Robin Miller unloads on an empty house at Auto Club...
2d ago from Racer.com

Popular On TotalWRC.com

Fighting Talk: 72nd LOTOS Rally Poland

Sébastien Ogier. Volkswagen Polo R: (above) “We had a very good...
6h ago from WRC.com

Gilbert targets Junior treble

Frenchman looks to complete Junior WRC hat-trick
7h ago from WRC.com

Ogier: Poland gives rivals chance to prove mettle

Sebastien Ogier has challenged his rivals to 'show what they're made of'...
9h ago from Crash.net

Dirt Rally, update 0.5 aka the Tarmac Terrors

In this case, name says it all. Well, almost all, because not (only) did...
15h ago from WorldRallyBlog.c...

Popular On GunnersToday.com

(Video highlights) UEFA European Under-21 final:...

Sweden have been crowned UEFA U21 European champions for the first time...
1h ago from CaughtOffside.com

Arsenal Encouraged In Keita Balde Diao Pursuit

It has been reported that Keita Balde Diao is unsettled at Lazio –...
1h ago from Nastytackle.com

Coquelin Is No Saviour: The Top Four Myths of...

Arsene Wenger led Arsenal to a third place finish and FA Cup trophy during...
7h ago from FreshArsenal.com

Arsenal transfer news: BBC reporter claims Gunners...

Emirates Stadium side not targeting Chilean after all… READ MORE:...
1h ago from CaughtOffside.com

Comments

comments powered by Disqus

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.