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Renault contract for 2016: Magnussen replaces Maldonado

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Renault contract for 2016
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In the future, Formula 1 fans will have to get along without action guarantor Pastor Maldonado. As a uto motor und sport found out from a reliable source, the Venezuelan will not get a cockpit at Renault in 2016. Its main sponsor PDVSA has terminated the contract with the French racing team.

Last year it initially looked for a long time as if the state oil company would remain on board with Lotus. But the change of ownership to Renault and the dramatic drop in oil prices, which plunged the South American country into crisis, ultimately ensured that the contract was terminated. And without the approximately 40 million euros dowry, Maldonado has to pack his bags.

Magnussen fix at Renault F1

For Renault, the decision was apparently not unexpected. A substitute has already been found. Kevin Magnussen has signed for the 2016 season. At the big presentation of the newly formed works team on Wednesday in Paris, Jolyon Palmer's new teammate will be officially presented to the press.

The former McLaren driver should also bring a few sponsors with him, but of course not the financial one Extent as was the case with Maldonado. However, the loss of the planned PDVSA sponsorship millions should not have a major impact on the sporting perspective.

According to insider information, the remainder of the sponsorship package together with the pre-paid bonuses from Bernie Ecclestone ensures even without the Maldonado share a decent budget at a top team level. The French mineral oil company Total should not be unhappy about being able to stick the only logo from the industry on the yellow and black factory racer.

Maldonado confirms exit from F1

Even before Renault officially announced the change, Maldonado announced on social networks that he would no longer compete in the premier class after 95 races. He addressed his fans with gratitude: 'It is with great humility that I announce that I will not be in Formula 1 in 2016. I thank you for your support, your passion and your concern for my future. I am honored to do so To have received a lot of support from all of you and I am proud of my professional performance. '

At such a late point in time, there were hardly any alternativesmore. Only Manor would have 2 free cockpits to offer. But for a former Grand Prix winner, a place with a backbench team was probably no alternative. It is also doubtful that PDVSA would have financially supported such a change. And against rivals like Rio Haryanto, Pascal Wehrlein and Alex Rossi, who have their own sponsors on board, Maldonado would have had no chance.

How and where the South American's career will continue is not yet known. Maldonado is best known by the fans for its aggressive and fearless driving style. After 5 years of Formula 1, both his outstanding basic speed and an outstandingly high error rate are remembered. You can say what you want about the 30-year-old: It is clear that the premier class will be a bit more boring without Maldonado.

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