In February 2014 the team owner announced that operations would fold due to financial costs, lack of local players and poor performance.

[1] 1984 continued with the same team line-up, with the addition of two players, Dean Pollock (from the Macquarie Bears), and Canadian import Bill Rose.

Jason was drafted by the Detroit Red Wings 205th overall in 1994 directly from the RMJHL, and then went on to star for Cornell [2] in NCAA Division 1 hockey.

[5] The Canberra Knights, along with the Sydney Bears and Adelaide Avalanche, founded the AIHL as a three-team competition following the disbanding of the ECSL in 2000.

In 2003 David Lewis, and import Saku Martakainen were both top scorers, but the Knights did not perform very well, ending the season in last place, not winning a single game.

In 2005, with new imports, such as Canadian goaltender Dylan Smart, the Knights were able to enter the 5th AIHL season stronger than ever, and nearly made the play-offs.

2007 saw the Knights only winning two away games, including their last match of the season, against the Brisbane Blue Tongues, which eliminated them from the playoffs.

The season also saw the exit of two veteran Knights players, long time goalie Brad Hunt, and Mike Harrow who served the team for many years in various roles, as coach and captain.

With the loss of Brad Hunt and Mike Harrow, the 2008 season will open the doors to new imports and junior players moving up to the AIHL.

On 26 February 2014 club owner John Raut announced that the team have folded operations effective immediately and would not be competing in the upcoming 2014 AIHL season.

[7][8] The following day it was announced that the player group headed by captain Mark Rummukainen have approached the AIHL with plans on taking on the club's licence.

Prior to the 2005 season the Knights wore teal-coloured jerseys, with the old logo on the front, and white numbers and names.