 The team was located in Sydney, Nova Scotia up until 2005.First observed in the 1932-33 Cape Breton Junior Hockey League, the Sydney Millionaires (named after an earlier professional team) would win their league title in 1933, 1951, 1964, and 1965.In the 1950s they dabbled with other names like the "Steel Kings" and the "Bombers" as their sponsors changed, but they always came back to the Millionaires.