TORONTO, ON - MARCH 25 - Jenna McParland (left) of the Thunder tries to get away from Madison Woo of the Red Star during the 2nd period of CWHL action as the The Markham Thunder play the Kunlun Red Star for the Clarkson Cup at Ricoh Coliseum on March 25, 2018. (Carlos Osorio/Toronto Star via Getty Images)

CWHL folding after 12 years

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Carlos Osorio / Toronto Star / Getty

The Canadian Women's Hockey League will discontinue operations effective May 1, 2019, due to financial concerns, the league announced Sunday.

"Unfortunately the business model that has been the foundation of the League is not sustainable financially," the release states.

The CWHL is comprised of six teams, with four based in Canada (Toronto, Markham, Montreal, and Calgary), one in the United States (Worcester), and one in China (Shenzhen).

It was founded in 2007 by players and members of the community.

The National Women's Hockey League, which contains five teams - all in the United States - is now the lone professional women's hockey league in North America.

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