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Maldonado leaves Renault & F1
Pastor Maldonado has confirmed he will not be in Formula 1 for the 2016 season. The South American was scheduled to drive for the rebadged Renault team in the upcoming campaign but has lost his seat after his sponsors fell behind on payments. Maldonado's principal backers, the Venezuelan state-owned oil company PDVSA, are believed to have paid around £20m annually for the 30-year-old's seat. However, the country's economy has collapsed in recent weeks amid falling oil prices. "Today with the utmost humility I inform you that I will not be present at the starting grid for the 2016 F1 season," Maldonado confirmed in a message to his Twitter followers. "Thanks...
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8y ago from SkySports.com
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