They attempted to purchase the Montreal Wanderers, but were unsuccessful. The formation of the  National Hockey Association (NHA) saw the formation of the 'Les Canadiens' team, which they considered an infringement on the name of their club.
The group tried to purchase the Montreal Wanderers but failed.  The creation of the National Hockey Association led to the formation of the Canadiens team, which they felt was an infringement on their club's name.