The team, which suffered limited success and low attendance, lasted only one year before disbanding.
Florida real estate investor David Waronker, representing the Southern Professional Hockey League (SPHL) began lobbying the city for rights to form a team.
Meanwhile, John Cherney, the founder and first president of the South East Hockey League, also attempted to establish an SEHL team in the city.
The city agreed and by the beginning of the 2004–05 season, the Asheville Aces were officially one of nine teams in the SPHL.
[1] The team then folded prior to the next season after failing to agree to a lease with the Asheville Civic Center.