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The Red-headed league was dissolved because they have already finished digging the tunnel in the Bank. They no longer needed Wilson to stay in the office to disguise John Clay's absence while he was off digging the tunnel.
The red headed league was only a distraction to get Mr.Wilson away from his pawnshop so that the thieves could dig the hole. After the hole was dug, there was no need for the red headed league so they closed it

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