The Erie Otters have filed for Chapter 11 Bankruptcy Protection.
The club, which includes top NHL draft prospect Connor McDavid, filed voluntarily in Erie court.
The team has been fighting an attempt by the Edmonton Oilers to force a sale. Owner Sherry Bassin says the Otters are still for sale and they are looking for buyers.
They plan to use the bankruptcy filing to pay the team's creditors.
In a statement, Bassin says "This will have absolutely no effect on Otters playoff games, on our staff, on our players, or any of our hockey or business operations."
