It was played on December 19, 2008, at Finley Stadium, home field of the University of Tennessee at Chattanooga.

The culminating game of the 2008 NCAA Division I FCS football season, it was won by Richmond, 24–7.

The participants of the Championship Game were the finalists of the 2008 FCS Playoffs, which began with a 16-team bracket.

The Spiders defeated Eastern Kentucky, second-seeded Appalachian State, and third-seeded Northern Iowa to reach the final.

This was Montana's sixth appearance in an FCS/Division I-AA championship game, having previously won in 1995 and 2001, and having lost in 1996, 2000, and 2004.