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 »
3y 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...
3y 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...
3y ago from GrandPrix247.com

Formula E gets £40m funding boost

The ten Formula E team principals at the Donnington Park launch of the...
3y ago from espnF1.com

Maldonado's Venezuelan backing could end

May 20, 2014 .- The F1 party may soon be over for Pastor Maldonado. Until...
3y ago from F1Plus.com

Elsewhere On The Network

Popular On MGPToday.com

Rossi and Vinales admit defeat and turn attentions to...

With the 2017 MotoGP title out of reach, Rossi and Vinales are now looking...
1d ago from BikeSportNews.com

MotoGP Motegi: Lorenzo threatens Zarco with Safety...

Lorenzo is concerned that Zarco's ‘aggressive' riding style is going...
1d ago from BikeSportNews.com

MotoGP Motegi: Dovizoso wins last-lap thriller

Dovizoso snatches MotoGP victory from Marquez on the last lap of a wet...
3d ago from BikeSportNews.com

Tech 3 hopes Nozane gets another chance

– Tech 3 chief Hervé Poncharal says he hopes the outfit can give...
21h ago from GPUpdate.net

Popular On IndyCarToday.com

McDonald joins ECR engineering team

Former Schmidt Peterson Motorsports race engineer Allen McDonald has...
1d ago from Racer.com

McLaren still undecided on 2018 Indy 500 run

McLaren executive director Zak Brown expects to see the company return...
4d ago from Racer.com

Hinchcliffe, Wickens pairing likely at SPM in 2018

Schmidt Peterson Motorsports could become IndyCar's Maple Leaf Mafia if...
4d ago from Racer.com

Montoya open to offers for Indy 500

A day after learning his boss, Roger Penske, would be open to letting him...
1w ago from Racer.com

Popular On TotalWRC.com

Tänak joins Toyota

Tänak joins Toyota Ott Tänak will join Toyota Gazoo Racing next season....
1h ago from WRC.com

Wales Rally GB saved my life

Spectator thanks event medical teams for life-saving treatment in 2016
19h ago from WRC.com

Make some noise for Elfyn!

Make some noise for Elfyn! Fans backing home hero Elfyn Evans have been...
16h ago from WRC.com

Dayinsure Wales Rally GB 2017 PRE-EVENT TEST Videos...

PRE-EVENT TEST Videos Dayinsure Wales Rally GB 2017
1d ago from WRC.com

Popular On GunnersToday.com

Premier League table: Alternative standings if games...

Alternative Premier League table: Standings if games finished at...
1h ago from Express.co.uk

The man who developed Kolasinac and Ozil

Their careers may have taken different paths between leaving Schalke and...
9h ago from Arsenal.com

Mertesacker not interested in Deeney’s...

Per Mertesacker has said he paid no attention to Troy Deeney's comment...
14h ago from SportsKeeda.com

How the last ten English teams to play Real Madrid at...

How the last ten English teams to play Real Madrid at the Santiago...
13h ago from DailyStar.co.uk

Comments

Hottest News

United States Grand Prix: Can Hamilton wrap up title at...

Lewis Hamilton stands on the brink of a fourth... Read More »
2h ago from BBC.co.uk

‘Another productive day' for Kubica

Robert Kubica was back in action with Williams on... Read More »
2h ago from PlanetF1.com

Mick Schumacher: My goal is always Formula 1

Michael Schumacher's 18-year-old son Mick may not... Read More »
3h ago from GrandPrix247.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.