On March 30, 2007 the team folded due to lack of ownership.

The team was founded in 1994 as the Hampton Roads Hurricanes, but they changed their name to Mariners after the first year.

The team went on a one- year hiatus in 1997, after which they joined the A-League.

In 2006, the Mariners added a USL Premier Development League club, the Virginia Beach Submariners.

Shortly after the termination of the Mariners, the Submariners were taken over by the Hampton Roads Piranhas, a women's W-League soccer club, who renamed the team the Hampton Roads Piranhas to reflect the change of ownership.