The parent company of a Western Hockey League team has filed for bankruptcy.

Portland Winterhawks Inc has apparently failed to make several payments to a money lender, which has now taken over the team.

The WHL says they are working closely with the receiver and the team management to ensure that there is a smooth transition to new ownership.

Team management includes president Doug Piper, general manager and head coach Mike Johnston, and executive staff who will remain with the team, the league said.

“During this transition fans, sponsors, and community partners can expect the same championship-level service and results they have been accustomed to from the Club, including continuing to offer a world-class player experience,” the WHL’s release said Sunday.

The Winterhawks had the most points in the league with a 45-11-0-7 record last season and have had a winning record each season since 2008-09.

They last won the WHL in 2013.