The new team played out of a temporary home at Pullar Stadium, in Sault Sainte Marie, Michigan, U.S.A., until the Memorial Gardens opened in 1949.

The team's founders were Angelo Bumbacco, Lloyd Prokop, Phil Suraci, Pat Esposito and Bill Kelly.

After winning the OHL championship, the Greyhounds travelled to Shawinigan, Quebec to compete in the Memorial Cup tournament, for the national junior hockey title.

The Greyhounds were led by future NHLers, Jeff Beukeboom, Chris Felix, Derek King, Wayne Presley, Bob Probert and Rob Zettler.

Televising games from the Aréna Jacques Plante in Shawinigan proved difficult due to roof support pillars around the ice surface.

[6][7] The Greyhounds swept both playoff series and earned a second round bye to reach the OHL finals against the defending champions, the Oshawa Generals.

Added to the mix was Joe Busillo, an overager picked up from Oshawa, who won the Memorial Cup with the Generals the previous year.

Fans from the Soo were still very bitter towards Oshawa captain Eric Lindros, who had originally been drafted by the Greyhounds in 1989 but chose not to play for them (eventually being traded to the Generals).

The Greyhounds upset the heavily favoured defending champions in a six-game series, winning the last game on home ice.

The Greyhounds were led in scoring by Colin Miller, Tony Iob, Trevor Koopmans, and future NHLers Adam Foote and tough guys Bob Boughner, and Denny Lambert.

Other members to move onto the NHL included Drew Bannister, Ralph Intranuovo, Brad Tiley and goaltenders Kevin Hodson and Mike Lenarduzzi.

Marie earned a first round bye in the playoffs, then defeated the Kitchener Rangers and Niagara Falls Thunder to return to the league finals.

The Greyhounds won their third J. Ross Robertson Cup by defeating their northern counterparts, the North Bay Centennials in a seven-game series.

The Greyhounds were led by captain Rick Kowalsky, and in scoring by Jarrett Reid's 53 goals and also had two players with 100 point seasons, Colin Miller and Ralph Intranuovo.

The Soo also gained a midseason boost and more toughness, acquiring future NHLer Chris Simon in a trade with the Ottawa 67's.

The Greyhounds reversed their fortunes of the previous Memorial Cup, winning all three games of the round-robin, advancing directly to the tournament finals.

The game looked to be headed for overtime, until Kamloops' Zac Boyer scored on a breakaway with 14.6 seconds remaining to seal the victory for the Blazers.

They narrowly beat out the Detroit Junior Red Wings by having more wins in the regular season despite both teams earning 81 points.

The OHL revived the idea of a Super Series from six years previous to determine which team would host the Memorial Cup of 1993.

The Greyhounds assured themselves of a third consecutive trip to the Memorial Cup, by sweeping the series versus the Leyden division champion Peterborough Petes.

Marie earned the first round bye, then defeated the Owen Sound Platers and the Junior Red Wings to reach the finals against the Petes.

Vanbiesbrouck was forced to resign as coach during the season as a result of racist comments he had made about team captain, Trevor Daley.

The Greyhounds also had their longest post season run since 1994, making it to the conference finals before losing to the Kitchener Rangers in five games.

After several trades in the organization had shown a shift to rebuilding the team, Dave Torrie (General Manager), took over head coaching duties with the firing of Denny Lambert in January 2011.

The fans also welcomed back Mike Stapleton as new Head Coach for next season, but was fired and replaced on December 3, 2012, by Sheldon Keefe.

Bannister had led the Hounds to an overall 136–50–13–5 record, two West Division titles, and was named OHL and CHL coach of the year in 2018.

The Greyhounds also joined the Oshawa Generals and Peterborough Petes as the only OHL teams to make three consecutive appearances in the Memorial Cup.

Tony Esposito played for the Greyhounds of the Northern Ontario Junior Hockey League (NOJHL) during the 1962–63 season, and was inducted into the Hall in 1988.

Marie, Michigan again in 1979, playing for about a month at Taffy Abel Arena on the campus of Lake Superior State University due to emergency roof repairs at the Gardens.

[citation needed] Most regular season and playoff games for the Greyhounds are broadcast on Shaw Spotlight in Sault Ste.