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In the spring of 2005, the league announced the "Bobby Hull Invitational Tournament," for which 50 NHL players had purportedly showed interest. <ref>[http://slam.canoe.ca/Slam/Hockey/WHA/2005/03/15/961495.html CANOE - SLAM! Sports - Hockey - WHA: WHA tourney grows<!-- Bot generated title -->]</ref> The tournament, scheduled to begin May 20 and award $2 million to the winning team, was dropped without comment by the organization and never held.
 
In the spring of 2005, the league announced the "Bobby Hull Invitational Tournament," for which 50 NHL players had purportedly showed interest. <ref>[http://slam.canoe.ca/Slam/Hockey/WHA/2005/03/15/961495.html CANOE - SLAM! Sports - Hockey - WHA: WHA tourney grows<!-- Bot generated title -->]</ref> The tournament, scheduled to begin May 20 and award $2 million to the winning team, was dropped without comment by the organization and never held.
   
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When that and other plans failed to materialize, the rights to the WHA's name and logo were sold to Richard Smith, a [[British Columbia]] investor. Further plans to operate either a similar Tier II junior league or a professional loop in the Pennsylvania-Midwest area in 2007-2008 were dropped without comment by the organization, in addition to financial problems that led to the company's stockbroker calling for a legal investigation and subsequently filing a lawsuit against the WHA. <ref>[https://archive.is/20120721183059/www.accessmylibrary.com/coms2/summary_0286-29026814_ITM Global Developments Cancels World Hockey Association Dividend and Commences Legal Inquiry Into Issuance of Stock. | Europe Intelligence Wire (December, 2006)<!-- Bot generated title -->]</ref> <ref>[http://eclipse.sys-con.com/read/355947.htm The World Hockey Association Hires Law Offices of Michael E. Kulwin in Nevada for Legal Defense and Counterclaim Against Nexus Asset Holdings, LLC and Global Developments, Inc...<!-- Bot generated title -->]</ref>
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When that and other plans failed to materialize, the rights to the WHA's name and logo were sold to Richard Smith, a [[British Columbia]] investor. Further plans to operate either a similar Tier II junior league or a professional loop in the Pennsylvania-Midwest area in 2007-2008 were dropped without comment by the organization, in addition to financial problems that led to the company's stockbroker calling for a legal investigation and subsequently filing a lawsuit against the WHA. <ref>[http://www.accessmylibrary.com/coms2/summary_0286-29026814_ITM Global Developments Cancels World Hockey Association Dividend and Commences Legal Inquiry Into Issuance of Stock. | Europe Intelligence Wire (December, 2006)<!-- Bot generated title -->]</ref> <ref>[http://eclipse.sys-con.com/read/355947.htm The World Hockey Association Hires Law Offices of Michael E. Kulwin in Nevada for Legal Defense and Counterclaim Against Nexus Asset Holdings, LLC and Global Developments, Inc...<!-- Bot generated title -->]</ref>
   
 
The organization operated three now-defunct leagues, two playing a single season each before folding and the third playing two seasons; the minor-league [[World Hockey Association 2]] and the [[WHA Super Junior League]] in Florida, the latter which was abandoned with little to no warning to players and the communities involved. <ref>[http://nl.newsbank.com/nl-search/we/Archives?p_product=NJ&p_theme=nj&p_action=search&p_maxdocs=200&p_topdoc=1&p_text_direct-0=11112A4631913198&p_field_direct-0=document_id&p_perpage=10&p_sort=YMD_date:D&s_trackval=GooglePM Archives - newsjournalonline.com<!-- Bot generated title -->]</ref> It operated an unsanctioned Tier II developmental league in [[British Columbia]] called the [[WHA Junior West Hockey League]] between 2006 and 2008, marked by financial and franchise instabilities that saw the WHA's stock price drop to a penny per share. <ref>[http://investorshub.advfn.com/boards/board.aspx?board_id=7630 Investors' Hub]</ref>
 
The organization operated three now-defunct leagues, two playing a single season each before folding and the third playing two seasons; the minor-league [[World Hockey Association 2]] and the [[WHA Super Junior League]] in Florida, the latter which was abandoned with little to no warning to players and the communities involved. <ref>[http://nl.newsbank.com/nl-search/we/Archives?p_product=NJ&p_theme=nj&p_action=search&p_maxdocs=200&p_topdoc=1&p_text_direct-0=11112A4631913198&p_field_direct-0=document_id&p_perpage=10&p_sort=YMD_date:D&s_trackval=GooglePM Archives - newsjournalonline.com<!-- Bot generated title -->]</ref> It operated an unsanctioned Tier II developmental league in [[British Columbia]] called the [[WHA Junior West Hockey League]] between 2006 and 2008, marked by financial and franchise instabilities that saw the WHA's stock price drop to a penny per share. <ref>[http://investorshub.advfn.com/boards/board.aspx?board_id=7630 Investors' Hub]</ref>

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