2014 F1

Maldonado’s backer Venezuelan oil company PDVSA hints quit from F1

mald_will_vene_2011-11
Pet name “Crashtor”, the rich Venezuelan has, competed 63 races in Formula 1, had been involved in more crashes than Microsoft Windows. In total he’s failed to finish 16 and has faced penalties from the stewards nearly 20 times in his F1 career.

Career High
Winning the Spanish Grand Prix and putting an end to Williams’ eight-year victory drought.

Career Low
Taking out a marshal at Monaco while under yellow flags in the World Series by Renault.

Quotes
“When I was about three or four years old I said I wanted to race but I was too young, then when I reached the age of seven my father gave me a kart and we started from there.”

Chavez on supporting Maldonado: “Sport should not be kept away from politics, it should be supported, like happens in Venezuela.”

(Back to the story) The F1 party may soon be over for Pastor Maldonado. Until now, the 29-year-old Venezuelan’s formula one career has been powered by state millions, through the oil company PDVSA and the personal backing of president Hugo Chavez.

Chavez, however, died last year, preceding a period of intense political turmoil, and at the same time PDVSA’s ploughing of state millions into Williams and Lotus was already highly controversial within Venezuela.

Now, Venezuela has a new sports minister, Antonio Alvarez, who has indicated this week that motor racing is being totally cut from the country’s list of priorities.

“I know I’m going to win a lot of enemies,” he is quoted by Venezuela’s Ultimas Noticias.

“But there will be not one more dollar for motor racing. Venezuelan sport has other priorities, and it would be unfair to use state resources for disciplines that are not in line with the development of the country,” said Alvarez. (GMM/ThisisF1)

Facebook Comments
Loading...
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

ThisisF1.com is not affiliated with Formula 1, Formula One Management, Formula One Administration, Formula One Licensing BV or any other subsidiary associated with the official Formula One governing organizations The website is an unofficial website, all names and logos used here are property of their respective owners, more specially FORMULA 1, FORMULA ONE, F1, GRAND PRIX and logos and the wide Curves logo are trademarks of Formula One Licensing BV, a Formula One Group Company. Use or depiction of images or trademarks throughout this website is for illustrative and editorial purposes only. Official Formula One information can be found at www.formula1.com

Copyright © 2015 Thisisf1.com

To Top