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Geoff Rowley, joint administrator, status quo said: "With the existing shareholder unable to provide the required level of funding, the senior management team has worked tirelessly to bring new investment to the team to secure its long term future.
The statement added: "Following Austin, there are two further rounds of the 2014 championship remaining, in Sao Paulo and Abu Dhabi, and the team's participation in those races will depend on the outcome of the administration process and any related negotiations with interested parties in what is a very limited window of opportunity.
"No redundancies have been made following the company's entering into administration and all staff have been paid in full to the end of October. The ongoing staff position will however be dependent on whether the company can secure new investment in the limited time available.
1 WEC Porsche status quo secures first WEC pole 2 F1 Mercedes: Manufacturers won't exit F1 3 F1 Sainz not unnerved by Verstappen 4 F1 McLaren: Points won't decide drivers 5 F1 Video: Williams aces drive history 6 GP2 Gasly completes GP2 test dominance 7 F1 Alonso finalises switch to McLaren 8 F1 F1 sets up fans' think-tank 9 F1 RBR: F1 can't fear Mercedes quitting 10 RALLYX Solberg wins RX finale in Argentina
RALLYX Solberg wins RX finale in Argentina WEC Porsche secures first WEC pole GP2 Gasly completes status quo GP2 test dominance F1 Sainz not unnerved by Verstappen GP3 Ghiotto leads final 2014 GP3 test WEC Porsche stays ahead in WEC practice DTM ART joins DTM with Mercedes status quo WEC Webber tops WEC practice for Porsche status quo RALLYX status quo Solberg holds Argentina RX lead F1 Marko: F1 test proved Sainz is ready
F1 Sainz was the right choice for Toro Rosso F1 Secret Mechanic: Bending the rules in F1 F1 Was McLaren-Honda's first test a disaster? F1 Why Mercedes could be more dominant F1 Engine budgets are just a scapegoat F1 Hamilton's title - The best shots F1 Gary Anderson: F1 needs to stop confusing F1 Was 2014 Rosberg's only F1 title shot? F1 The hurdles Hamilton had to overcome F1 Hamilton: A more rounded champion
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