The club was last owned by majority stakeholder Hans Philippo, who purchased the club alongside Club President Robert Rack in January 2017.[1] This new ownership group includes Dr. Suresh Gupta and Mike Mossel, in representation of the Dutch Lions Capital Group, who remain minority owners in the club. Brandon Ponchak was the club's general manager after being hired in March 2017.[2]
Their inaugural match at the Xavier University Soccer Complex on May 9, 2014 featured an appearance by soccer legend Ruud Gullit as he participated in a "Kick the Crossbar" contest and a pre-game ceremony.[3]
CDLFC has found success in their short time including an appearance in the 2016 Lamar Hunt U.S. Open Cup. The ownership group of Philippo and Rack have made several changes for the club's 2017 season including purchasing a charter bus for the team, moving to the NKU Soccer Stadium as their home field and the creation of a new bar in support of the club.[6]
In November 2019, CDLFC became the first club to join the brand new Ohio Valley Premier League which began play in 2020. Later in 2020 the CDLFC returned to the USL League Two.