Maldonado loses 2016 F1 seat

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Written by Joe Holding
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After weeks of speculation, Pastor Maldonado has finally put the rumours about his future in F1 to bed by confirming that he won"t be on the grid this season.Reports of a late payment from his sponsors Venezuelan oil company PDVSA surfaced a fortnight ago, throwing his continued presence in the sport into serious doubt.It seems the parties involved were unable to resolve the issue, and with Renault due to unveil their new car and line-up in Paris this Wednesday, Maldonado chose to confirm his departure via a statement on Twitter earlier today.If the media are to be believed, it is almost certain that he will be replaced by Danish driver Kevin Magnussen, who has been hunting for a new team since being dropped by McLaren last October.He will partner 24-year-old Jolyon Palmer, provided that Magnussen"s reported deal with Renault has indeed already been sealed.As for Maldonado, it"s not known what he"ll do next. The Venezuelan leaves F1 with a controversial record having become famous for his numerous collisions and mishaps during three years with Williams and two years with the Lotus outfit being taken over by Renault.

Date written: 1 Feb 2016

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