The Colonels' first game, on October 30, 1947, was a 57–36 loss on the road to the Springfield Squires.
The team's November 1, 1947 home opener was a 51–49 loss to the New Orleans Hurricanes.
The very next day Louisville played in Chicago, Illinois and managed a 60–48 win against the Omaha Tomahawks; the game would prove to be the franchise's final victory.
The Colonels, competing in the PBLA's Northern Division, finished with a record of 2 wins and 4 losses, five games behind the first place Chicago Gears.
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