[3][4] In December 2021, the Spokane Public Facilities District met with USL and MLS Next Pro officials over which league would place a team at the city-run stadium.

[5] On October 7, 2022, the club announced their new ownership group, Aequus Sports, LLC (led by Ryan and Katie Harnetiaux) as well as that their men's team would start play in USL League One in 2024.

[6][7] The club announced a partnership with Capelli Sport on June 21, 2023, making them their exclusive uniform, equipment, and training apparel provider.

[8] The official team name, Spokane Velocity FC, and crest were announced at a launch event on July 21, 2023.

The club's inaugural match was a 3–1 loss to Greenville Triumph SC played on March 9, 2024, at Paladin Stadium in South Carolina.

[13] The Velocity's first-ever home match, at ONE Spokane Stadium on March 16, was a 2–1 victory against the Richmond Kickers in front of a sold-out crowd of 5,086.

[17] On November 9, 2024, the club won a semi-final match in penalties against Forward Madison FC resulting in an appearance in the USL League One Championship.

The crest features four vertical blue bars that represent the river's waterfalls, while the "Velocity" wordmark above is shaped similar to a simplified version of the Monroe Street Bridge.

[21] The team's largest supporters' group is the 509 Syndicate, which organizes a march to the match through Riverfront Park to One Spokane Stadium.

Top Scorer includes all goals scored in regular season, league playoffs, U.S. Open Cup, and other competitive continental matches.