Venezuelan election result could boost Maldonado
8 October 2012 – News of Hugo Chavez’s re-election as president of Venezuela could serve as a boost to the Formula 1 career of Pastor Maldonado, which last week had been thrown into doubt as the Williams driver stood a chance of losing his government funding.
Thanks to sponsor PDVSA, the Venezuelan state-owned petroleum company which is contributing around 30 million pounds to Williams annually, Maldonado’s position in the team had previously seemed all but impregnable for 2013.
However, doubts began to emerge when the possibility of a change of government could have had a bearing on the future of the 2010 GP2 Champion, who stepped up to Formula 1 last year and won this season’s Spanish Grand Prix.
Chavez – who is on close terms with Maldonado - won the election with more than 54 percent of votes. It remains to be seen as to whether the PDVSA payments to Williams will continue next season.