“We are proud of what the League has accomplished in the first three seasons, but we do recognize the necessity to resolve our existing legal and operational issues so that we can continue to support and grow WPS the right way,” said Sky Blue FC Owner Thomas Hofstetter. “This was a very difficult decision, but one we as owners feel is the best business decision for the League at this time.”

…

“We firmly believe there is a place in the global sports landscape for Women’s Professional Soccer,” said WPS CEO Jennifer O’Sullivan.  “Making the decision to suspend the 2012 season was a difficult and painful one, but it is necessary to take the time to address current issues and solidify our business in order to provide appropriate support needed to achieve the League’s long-term goals. Those that take part in our League - players, partners and fans - deserve the best, and that is what we are taking the time to ensure we deliver when we resume play in 2013 and beyond.”

WPS has established its plans to return to play in 2013, and all five owners of the League’s existing teams - Atlanta Beat, Boston Breakers, Philadelphia Independence, Sky Blue FC and Western New York Flash - will remain active with the CEO, Jennifer O’Sullivan, in the governance of WPS throughout the current year.

The owners of Women’s Professional Soccer appear to have decided to “cancel the 2012 season,” according to a league-wide email citing ongoing legal proceedings with renegade owner Dan Borislow. 

The decision was apparently voted on by WPS’ five owners on Monday morning, and the news was subsequently delivered to WPS players in the email, obtained by National Soccer Wire, which alluded to further information being relayed following Wednesday’s court hearing in Florida between Borislow and league representatives.