Founded by Alf Stevens, Alice Jago and Heather Kemp, it began as an after school competition at the Mossfield Avenue Facility, Ferntree Gully in 1974.

[1] In 1982, Knox's senior program was established,[2] with a Raiders men's team entering the South East Australian Basketball League (SEABL) that year.

The Raiders requested they remain a financial member of the SEABL with the intention of returning in season 2016.

The SEABL retained the club's financial guarantee with the Raiders classified as a non-playing member of the league in 2015.

[13][14] In November 2015, KBI announced that their senior men's and women's teams would be playing in the Big V in 2016 instead of the SEABL.