The Seibu Prince Rabbits, an ice hockey team with a 37-year history, is the latest casualty of Japan's economic crises.

The Rabbits were disbanded Tuesday after the club's parent company, Prince Hotels Inc., was unable to find a new owner.

Since announcing its withdrawal from the sport in December, the Seibu group held talks with more than 20 companies seeking a buyer for the team but found no takers.