[1] On 26 February 2014 Knights owner, John Raut, handed back his AIHL licence and folded the team after 33 years of existence citing financial costs, lack of a local player pool and sustained poor performances for the reason he came to this decision.

[2][3] Immediately following the collapse of the Knights, a player group led consortium approached the AIHL with a proposal to take over the vacated licence and form a new team in Canberra.

[1] On 6 March 2014, CBR Brave is born under the guidance of new owners Allinsure director Peter Chamberlain and advertising firm Coordinate's owner-director Jamie Wilson after the pair got in contact with Mark Rummukainen, head of the player consortium.

[17] On 14 July 2015, CBR Brave Chairman Peter Chamberlain confirmed the mutual separation between the team and head coach Brad Hunt with immediate effect.

In the same statement the Board confirmed current first choice import goaltender, Josh Unice, would take over as head coach on an interim basis for the remainder of the 2015 AIHL season including finals.

[21][22] On 29 August 2015, in front of 1,200 passionate fans, the CBR Brave took on the league premiers, Newcastle North Stars, in game one (semi-final one) of the 2015 AIHL Finals.

Announced pre-game on 23 April 2016, the new partnership looked to promote ice hockey within the Australian Defence community and assist in establishing a development pathway for emerging talent.

[31] In the first game of the season between the Brave and North Stars, Canadian import Art Bidlevskii suffored a freak accident that left him in hospital with a broken throat.

[33] The Brave suffered a surprise 4–6 defeat to last placed Ice Dogs in the final game of the regular season at Liverpool, Sydney on 20 August 2016.

[36] The following day, on 28 August 2016, the Brave lined up against bitter rivals Newcastle North Stars for a shot at winning the AIHL Championship title and lifting the historic Goodall Cup.

Following the conclusion of the season, on 3 September 2017, CBR Brave’s all-time leading points scorer, Stephen Blunden, announced his departure from the team to return to his native Canada.

[50] The Brave ended the regular season eighteen points ahead of the Sydney Bears in second place to clinch the franchise's first title, the H Newman Reid Trophy.

[54] Canberra Brave's Dave and Jayden Lewis became the first father-son duo in Australian Ice Hockey League history to lift the Goodall Cup.

[57][58] Foundation player, Jordie Gavin who was instrumental in building the CBR Brave following the collapse of the Canberra Knights, retired after the 2018 AIHL final, his first Goodall Cup success.

[76] The Brave were successful in 2022, claiming the premiership and championship double, lifting the Goodall Cup for the second time and completing a three-peat of H Newman Reid trophies.

[80] The name and branding for the new club, CBR Brave, was carefully crafted by advertising agency Coordinate on the appointment by the members of the consortium in an effort to break away from the Knights history and to start afresh.

This was a brave group of players and fans who came together in the eleventh hour to donate time, money and resources to ensure ice hockey remained in the Nation's Capital.

[89] This announcement came after fellow SB Nation hockey blogs, Pension Plan Puppets (Toronto Maple Leafs), Stanley Cup of Chowder (Boston Bruins) and Die by the Blade (Buffalo Sabres) held public polls and selected Perth Thunder, Melbourne Mustangs / Newcastle North Stars and Sydney Bears to follow respectively.

[91] On 16 August 2014, ACT Sports Minister, Shane Rattenbury, formally rejected a proposal to build a brand new ice rink attached to the new swimming complex planned for the Molonglo Valley in Canberra's south.

Mr Rattenbury's reasons for his decision came from a feasibility study into the proposal ruling out the investment into a second ice rink for a city due to the population size of Canberra at this time.

Brave co-director, Warren Apps, responded to the news on the ACT Grandstand radio program on 666 ABC Canberra by further expressing the need for new investment due to the demand on the current facility now exceeding its capacity.

[93] Shane Rattenbury responded to the release of the report by saying a new ice sports facility with duel rinks for competition and practice was in the Government's longer-term plans but stressed the need for community engagement and private sector support.

[98] In response to the release of the options paper, the ACT Government announced it would establish a tender process, in the first quarter of 2019, to seek a private partner for the project.

On the away trip to Newcastle on 22 May 2016 the travelling CBR Brave fans organised and distributed a special limited edition 'from the middle of nowhere' T-shirt for the supporters to wear to the match.

On 26 May 2016, The CBR Brave, after suffering a large number of injuries to the playing roster, announced the signing of a second former Newcastle Northstar's import, Jan Safar.

[111][112] The CBR Brave developed a friendly rivalry with the Adelaide Adrenaline in the 2015 AIHL season with two fiery matches played with plenty of penalties and player ejections.

The Cup is used to help spread the core message of beyondblue: "raising awareness and understanding, empowering people to seek help, and supporting recovery, management and resilience against depression".

The Foundation was born out of terrible circumstance when the brother-in-law, Robbie, of former Brave captain Mark Rummukainen sadly took his own life after suffering from depression.

[1] Local businessmen, Peter Chamberlain (Allinsure), Jamie Wilson and Warren Apps (Coordinate) joined Mark Rummukainen to form the ownership consortium.

[66] In April 2021, the CBR Brave ownership team of Daniel Amodio and Donn McMichael collapsed following $400,000 in debts owing to creditors with the Canberra Cavalry.