Venezuela Invests In Williams Formula 1 Team, Installs "Socialist" Pay Driver

Derek Kreindler
by Derek Kreindler
venezuela invests in williams formula 1 team installs socialist pay driver

Desperate times call for whoring yourself out for money desperate measures, and with the Royal Bank of Scotland pulling their funding from the Williams Formula 1 team, the outfit had to come up with some money, and fast.

One group able to come up with the money was PDVSA, the Venezuelan owned state oil company, who managed to chip in $14 million dollars, and effectively force Williams to sign Venezuelan driver Pastor Maldonado. Maldonado is an avowed supporter of President Hugo Chavez, making his signing barely more palatable than the patronage that may have gone on if a Venezuelan minister’s child was given a Formula 1 seat.

Who would have thought there would be a less evil team than Ferrari?

[Source: Reuters]

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  • Dtrjaguar uk Dtrjaguar uk on Jan 19, 2011

    Just be thankfull the money is being used in motorsport were it WILL all be used up,rather than being used for some evil,williams need to be kept in f1,remember WE bailed out the banks are they any less evil !!

  • Escoces Escoces on May 13, 2012

    Maldonado has shown his ability and dedication as a driver. It might stick in the throat of the rich - but why shouldn't state industies like PDVSA support their country's sportsmen and women. When big business that payroll (and buy) rightwing political parties all over the world and payroll teams and rich-kid drivers thats OK. Yet we get plenty of whining when a Venezuelan state industry does it !