The Fargo-Moorhead Ice Sharks, founded in 1996,[2] moved to Bensenville, Illinois, and became the Chicago Steel in 2000.

[3] On May 22, 2017, the Steel defeated the Sioux City Musketeers 2–1 in overtime of game five, finishing a 3-games-to-2 series win to claim the franchise's first Clark Cup.

[4] On January 2, 2018, Abalan was let go and Ryan Cruthers was named interim head coach and assistant general manager of the Steel.

[7] Greg Moore was then hired as the head coach for the 2018–19 season after previously serving as an assistant with Team USA.

[citation needed] On August 1, 2023 Larry Robbins sold the team to the Wirtz Corporation, who also own the National Hockey League's Chicago Blackhawks franchise.