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Maldonado seat under threat over late sponsor payments
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Pastor Maldonado’s 2016 race seat at Renault is under threat following late payments from PDVSA, with Kevin Magnussen emerging as the prime candidate to replace the Venezuelan, according to several sources. The state-owned oil giant has been backing Maldonado’s racing career from the onset but the BBC reports that funds are several weeks late amidst growing economic turmoil in the country due to a steep decline in oil prices. Maldonado was confirmed at Lotus for 2016 right after the Singapore Grand Prix, with Enstone promoting reserve driver Jolyon Palmer alongside him one month later. The outfit was then taken over by Renault last December. Since then, the French...
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