In 1923, Regina returned to power as they won their eighth western championship over the Winnipeg Victorias and earned the right to compete in the national playoffs. The club was given a bye and advanced straight to the Grey Cup finals for the first time, but were severely outmatched, losing 54–0 to Queen's University at Varsity Stadium in Toronto. This was, and still is, the most lopsided defeat in Grey Cup history as the defending champion Queen's won their third straight national championship at the expense of the Regina Rugby Club.