Most of the team's players came from the Portland Rosebuds of the Western Canada Hockey League, which had folded the previous season.
Coffee tycoon Frederic McLaughlin bought the team from the syndicate who had been awarded the franchise by the NHL.
The team faced immediate competition from Eddie Livingstone's rival Chicago Cardinals of the American Hockey Association (AHA) which also played in the Coliseum.
[1] Under the financial strain, and pressure brought to bear on the AHA by the NHL, the Cardinals folded before the end of the season.
The Hawks would play their first ever game on November 17, 1926, at the Chicago Coliseum, defeating the Toronto St. Pats by a 4–1 score before an overflow crowd of 7,000 (the capacity was normally 6,000).
Chicago began December with a 2–2 tie with the New York Americans, ending their three-game losing skid, as Rabbit McVeigh scored a goal late in the third period.
The Black Hawks would drop their next two games, however, on December 11, Hugh Lehman allowed no goals in a 3–0 win over the Montreal Canadiens to earn the first shutout in club history.
The Black Hawks lost their first two games of January, including a 4–0 loss to the New York Rangers on New Year's Day, dropping them out of first place in the American Division.
The Black Hawks overall win–loss record dropped to 14–18–2, earning 30 points, however, Chicago moved past the Pittsburgh Pirates and into third place in the American Division.
The Hawks won their next two games on the road, defeating the Detroit Cougars 4–1 and the Boston Bruins 4–0, bringing their overall record to 18–19–2.
The Black Hawks earned a 5–4–1 record in March, which marked the second time in the season that the club had a winning month.