Upon their return to play, having sold their better players in an effort to raise funds, the Senators finished in last place for two straight seasons and continued to lose money.

Following the repeat last place finishes, the team decided that it could not survive in Ottawa and hoped to move to a bigger market.

Instead, the league bought back the franchise, halted its operations, and dispersed its players among the remaining teams.

During their suspended season, Ottawa received $25,000 for the use of its players, while the NHL co-signed a Bank of Montreal loan of $28,000 for the franchise.

Auditorium officials said they needed to move the Senators to a larger city in order to protect the shareholders and pay off their debts.

[8] The Senators' owners decided to move the franchise to St. Louis, Missouri, and the transfer was approved by the league on May 14, 1934.

Quain transferred the players' contracts and franchise operations to a new company called the Hockey Association of St. Louis, Inc. Eddie Gerard was hired to coach the new team.

Despite this, St. Louis had been denied an NHL franchise in 1932 because travel to the Midwest was considered too expensive during the Great Depression.

Logically, the Eagles should have been placed in the American Division with the Boston Bruins, Chicago Black Hawks, New York Rangers and Detroit Red Wings.

[19][20] Once the Eagles began play the St. Louis Arena gained the distinction of being the only NHL stadium with racially segregated seating.

[21] In their first game the Eagles succumbed to a late rally by the defending Stanley Cup champion Black Hawks, losing 3–1.

[14][22] In early January 1935 the team cut ticket prices to the lowest in the league in an attempt to bring out fans.

[26] By February the financial state of the team forced the Eagles to essentially sell leading goal scorer Syd Howe to the Detroit Red Wings.

[27][28] Officially, the trade broke down as such - Detroit received Howe and Ralph Bowman in exchange for Teddy Graham and $50,000.

[35][36] After no credible offers surfaced, the NHL bought the franchise and player contracts for $40,000, and opted to play as an eight-team league.

As a result, the Senators/Eagles franchise never took the ice again, and remain one of two NHL teams to fold after winning a Stanley Cup (the other being the Maroons).

The new team was named the Blues and they joined the Minnesota North Stars, Los Angeles Kings, Oakland Seals, Philadelphia Flyers, and Pittsburgh Penguins as part of the new expansion.

The last active player who played with the Eagles was Bill Cowley, who retired in 1947 after his final season with the Boston Bruins.

He was also the only player in franchise history to start his career with the Eagles and be inducted into the Hockey Hall of Fame.