Johnny Cecotto Jr has announced via Twitter that he will retire from Motorsport due to a lack of financial support.
The GP2 veteran, who had been competing with teams such as Hilmer Motorsport, Carlin Racing and Trident this season, failed to gather the sponsorship needed when he made a visit to the President of Venezuela earlier this week.
Tweeting in Spanish, the 26-year-old said: “Thanks to all the Venezuelans who supported me. Today my career ends without having received a response from President @nicolasmaduro.”
In total, Cecotto won four races throughout his GP2 career – including Monaco – as well as standing on the podium a further five times at various circuits.
Cecotto’s unstable financial state had been known for some time, with the former race winner making many attempts to seek state sponsorship from the Venezuelan Government.