The Venezuelan signed a three year deal with Lotus this evening, according to our sources. The move ends months of speculation regarding the future of Lotus and Maldonado’s career.
Quantum Motorsport was set to sponsor Lotus F1 Team, and one of their demands was to have Nico Hulkenberg part of their 2014 line-up. Quantum and Lotus couldn’t agree on the investment details, and the partnership was cancelled on Monday morning.
The team’s management held a final meeting with Pastor Maldonado and both parties signed a contract on Monday evening. PDVSA is set to become the team’s title sponsor. Rumors are that the sponsorship package includes a $40 million investment, thus securing Lotus’s future in Formula 1, at least for the next three years.