Peterborough had previously won the Memorial Cup once in team history, as they defeated the Brandon Wheat Kings in the final game at the 1979 Memorial Cup. The Petes had also been finalists at the 1980, 1978, 1972 and 1959 tournaments.
In Peterborough's history, the Memorial Cup was won once by the team, which achieved this success by defeating the Brandon Wheat Kings in the final game at the 1979 tournament. The Petes had also participated as finalists on four previous occasions: 1980, 1978, 1972, and 1959.