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

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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]