In their first season, the Rebels placed third in the regular season, and defeated the first place Cincinnati Mohawks in the first round of the playoffs three games to two. The Mohawks were the defending champions, and had won the league playoffs the last five consecutive seasons. The Rebels moved on to the finals, a series they led versus the Indianapolis Chiefs three games to two, but eventually lost in seven games.[2] In 1958–59, the Rebels finished first in the regular season, winning the Fred A. Huber Trophy, and won their first Turner Cup, defeating the Fort Wayne Komets in six games in the championship finals.[3]
Louisville finished second in the east division during the 1959–60 season, but were eliminated in the first round of the playoffs. The Rebels disbanded after the season.