The team was owned by Nick Mileti, who had been the founder of the NBA's Cleveland Cavaliers, and also owned Major League Baseball's Cleveland Indians. He had also owned the nine-time American Hockey League champion Cleveland Barons, but moved them to Jacksonville, Florida to make room for the Crusaders. The first coach for the Crusaders was Bill Needham, a mainstay of the Barons. Needham coached the Crusaders to winning records in the first two seasons, but failed to advance past the second playoff round. In the 1974–75 season, John Hanna took over as coach, to be replaced mid-season by Jack Vivian. Cleveland finished second in the east division despite a losing record, but fell in the first round of the playoffs. Johnny Wilson led the team for its final season, also losing in the first round of the post-season.
Mileti sold the team to Jay White in 1975, but White sold it back to Mileti in 1976. However, not long after Mileti closed on his repurchase, the National Hockey League's California Golden Seals moved to Cleveland and became the Cleveland Barons. Mileti knew he could not hope to compete with an NHL team and decided to move the Crusaders elsewhere.
Initially, the team was going to relocate to South Florida and become the Florida Breakers, going far enough to have a logo designed. After the proposed move fell through, the Crusaders relocated to St. Paul, Minnesota, becoming the second incarnation of the Minnesota Fighting Saints