The Richmond Speed were one of the original 15 teams to join the inaugural 2000 AF2 season. They started off in the American Conference in 2000, before going over to the Northeast Division in 2001, then to the Atlantic Division from 2002–2003.

In 2000, Richmond went 7-9 and missed the playoffs. 2001 was a banner year for the Speed. Going 13-3, they cruised through the playoffs and into the ArenaCup. Despite going into the game with high expectations, they lost to the defending champion Quad City Steamwheelers.^[1] In 2002, the Speed proved that they were not a one-time wonder, and went to the playoffs again. This time, they were out by Week 1, thanks to the Cape Fear Wildcats. Back-to-back post-season losses was too much to handle, as in 2003, they went 6-10, last in the Atlantic Division. The Speed folded after the 2003 season, leaving Richmond without indoor football until the 2005 arrival of the AIFL Richmond Bandits.

Shayne Graham, NFL kicker who played in one game during the 2000 season.