Founded in 1965, they played in the Ibaraki Prefecture University League until 1998.

They were promoted to the Kantō University League Division 2 in 1999 but relegated after one season.

In November 2004, with the recommendation from the Japan University Football Association, the club participated in the Regional League promotion series.

RKU, however, was still allowed to compete in the JFL until their relegation in the same season.

They also have a reserve team called Ryutsu Keizai Dragons who play in the Kantō Soccer League Division 1, as well as 4 satellite teams categorized by age.