The Senators arranged another $3.9 million in bankruptcy protection financing to cover playoff costs, and the club's court-appointed monitor predicted the franchise may be sold by month's end.
Canadian Imperial Bank of Commerce and FleetBoston Financial Corp. are putting up the money, which comes on top of $17.5 million granted since the team filed for bankruptcy protection in January. Judge James Chadwick of the Ontario Superior Court of Justice extended the team's protection from creditors through June 2.
The Senators will need money as they advance deeper into the Stanley Cup playoffs without a new owner. The team won their first-round series over the New York Islanders, 4-1, following a 4-1 victory in Game 5 last night.
* BERMAN TO DO FINALS: Chris Berman, who anchors ESPN's NFL coverage, will replace Al Michaels as co-host during the Stanley Cup finals on Walt Disney Co.'s ESPN and ABC.
Berman will join John Saunders and Barry Melrose for pregame, intermission and postgame reports during the NHL finals, which start May 27.
Gary Thorne and Bill Clement will continue to announce the games.
ABC and ESPN are in the fourth year of a five-year, $600 million agreement to broadcast NHL regular season and playoff games.
Michaels is the play-by-play announcer for "Monday Night Football."
-- From News Services