The Sheiks entered the WCHL in the 1921–22 season. On February 3, 1922, poor attendance forced the club to move to the Moose Jaw Arena and play as the Moose Jaw Sheiks.
The team was reorganized as the Saskatoon Crescents Hockey Club in April 1922. Frederick E. Betts was appointed chairman of the team's management committee, made the final decision on player contracts, and had a policy of not making statements to the media until a deal was final. Betts signed ten new players to contracts by November in addition to three players who returned from the previous season. He sought to sign Newsy Lalonde from the Montreal Canadiens, and was willing to buy Lalonde's release pending all other National Hockey League clubs waiving their right to claim him. Betts later agreed to trade the rights to highly-touted prospect Aurèle Joliat to bring Lalonde to the Crescents as the team's player-coach for the season. The Crescents won eight of thirty games played, placed fourth during the 1922–23 WCHL season and did not qualify for the playoffs, despite that Lalonde led the league with 30 goals scored.
New ownership took over the team in May 1923. The team continued playing until 1928 when it folded.