Formula One is attracting state funding form nations such as Venezuela and Colombia . Pastor Maldonado says being sponsored by Venezuelan ##s is ` ` a huge deal '' The Williams driver was personally encouraged into racing by late president Hugo Chavez . He has set up a foundation to fund next Venezuelan F1 team .
Formula One is attracting state funding form nations such as Venezuela and Russia . Pastor Maldonado says being sponsored by Venezuelan money is `` a huge responsibility '' The Williams driver was personally encouraged into F1 by late president Hugo Chavez . Maldonado has set up a foundation to fund next Venezuelan F1 driver .