The Aces were formed in 1987, and joined BCAFL for the start of the 1988-1989 season, where they went 8-0 before losing 21-7 in the playoffs to Hull. Loughborough went 6-2 in both 91-92 and 92-93 failing to beat Southampton in the playoffs both years.

In1992-1993, a 7-1 record and an appearance in the conference final led to Andy Sweeney being named National Coach of the Year. The following season Loughborough went 7-1 again, Paul Sherratt was named league MVP, and the Aces won a College Bowl IX thriller 23-20 against Cambridge. In 1995-1996 the Aces finished with the only perfect record in the country but fell 14-7 to Leeds in the conference title game.

In the 1996-97 season they had their best year so far, achieving a perfect 11-0 record, capped by a 28-19 victory against Aberystwyth in College Bowl XI.

In 97-98 the Aces went 7-1 before losing 48-43 to Glasgow in the first round of the playoffs. The following season the Aces again went 7-1, they went on to beat both Lancaster and Leeds in the playoffs before losing 7-3 to Herts in College Bowl XIII. Aces MLB Paul Sherratt was named College Bowl MVP in what turned out to be a defensive battle.

1999-00 saw the Aces struggle to 6-2 in the regular season with a small squad before losing to Lancaster in the 1st round of the playoffs.

2000-01 saw a much better squad size for the Aces who, led by QB Paul Sherratt, won their division 6-2. beat Staffordshire and Teeside on the way on College Bowl XV. In a breathtaking game the Aces lost 26-23 to the Oxford Cavaliers, with TDs being scored by Jim Murphy, Leon Cordingley and Paul Sherratt with Andrew Studer adding 2 PATs and a Field Goal.

In 2001-02 the Aces, led by QB Ollie Jay, went through the regular season 7-1 losing only to Oxford again but things would change. They stormed through the playoffs with good wins over the Glasgow Tigers and UCH Sharks before meeting Oxford for the second year in a row in the Bowl game. Strong running by both Leon Cordingley and Patrick Schweyen complimented by a stout Aces defence helped the Aces to a 39-22 win for the Aces. Cordingley was awarded College Bowl MVP (thanks to his 4 TD performance) to go with BCAFL League Offensive MVP. Coach Andy Sweeney was also awarded BCAFL Coach of the Year.

The following year however, was not as successful. Bereft of many of their college bowl winning starters, the Aces plummeted to a 3-4 record; their only losing season in BCAFL history, during which they were soundly beaten by 46-0 by a rampant Bristol team – Loughborough’s largest ever defeat. The following year was a landmark season, for the Aces Head Coach, Andy Sweeney, became the first HC in BCAFL history to chalk up 100 wins with the revitalised Aces. A rebuilt team suffered only one loss in the regular season – to eventual college bowl finalists Staffordshire, before they were knocked out in the play-offs against Leeds.

In 2004-2005 the Aces put in some strong performances on the way to the Northern Conference Final, where they met Glasgow at Garscube. Despite the long drive, and unfamiliar playing conditions, the Aces rallied twice, and went close to beating Glasgow in the dying seconds, as their field goal try was blocked. Only two periods of sudden death overtime could separate them, and when the dust settled, it was the team from Scotland who progressed to College Bowl XVIIII.

The 2005-2006 season ushered in a new era at Loughborough, as Coach Sweeney retired after 15 years at the helm of the most winningest team in British College Football history. Loughborough appointed former player and Defensive Line Coach Jason Scott as his replacement. Despite predictions that the Aces’ house of cards would come toppling down under Scott, the rookie Head Coach lead the team to an unbeaten regular season in his first year, which included a 45-7 demolition of the Nottingham Outlaws in his first game. Again, the Aces reached the conference final where they met Teesside, who edged a close encounter in Loughborough.

The Aces would have their revenge a year later, as they beat the Cougars on a cold and wet day in Loughborough in the conference final. To reach that stage, the Aces went unbeaten during the regular season once again, beating the 2004 college champions Hertfordshire Hurricanes and 2005 college champion Birmingham Lions along the way. Unfortunately, despite the strong running of league offensive MVP Craig Flower, and the sturdy play of College Lineman of the Year Owain Davies, the Northern Conference Champions were bested by an excellent UWE Bullets team 31-14 in the 2007 National Final.

In the first season of the BUAFL the Aces once again qualified for the play-offs but were unable to proceed past the Newcastle Raiders.

Faced with a rebuilding year in 2008, the Aces recruited phenomenally well, and despite a defeat to Staffordshire during Homecoming weekend and a final day defeat to Hallam, they qualified for the playoffs with a 6-2 mark as runners-up of the Midlands conference. A trip to ‘Roses Division’ champion Sheffield Sabres saw the Aces come out on top in the first round, which paved the way for a re-match with the Stallions in Stoke.

Loughborough, coming off the back of three consecutive defeats to Staffordshire broke the streak and the hearts of the home team – who many had expected to once again challenge for the National  title – with a 26-24 win at the Stables, with rookie Adam Hope making the difference on a 67 yard score in the second half. Another Northern Conference Final and trip to Newcastle beckoned, but the Aces fell agonizingly short as the Raiders Double-Wing Offense proved to be too much in a 14-30 home win.

Kicking off the 2009-2010 campaign, the Aces were invited to compete in xpLosION – the annual Birmingham Lions kick-off event. This saw Loughborough take on the defending National Champions, on their own turf, in front of over 2,000 spectators. Whilst the match was far from a classic, there was enough in the slim 9-0 defeat to give the Cardinal and Gold hope for the season.

Strong wins against Staffordshire, Leicester and Lincoln set up the 7-1 Aces with home field advantage in the playoffs, where they destroyed Leeds Celtics 42-12 in the first round. A hard fought victory at Hallam – another Double Wing team – gave Loughborough the chance to exorcise some demons from the 2005 Northern Conference Final, as they once again travelled up to Garscube to take on the Tigers for the right to play in the National Championship game. This time, the Scots were no match for the power of the travelling team, as the Aces went 14-0 up in the opening 5 minutes of the fixture, and never looked back, coasting to a 35-0 win.

The Lions met them in the 2010 BUAFL National Final at Northampton’s Sixfields Stadium, fresh off the back of another undefeated season. The Aces started quickest – jumping to a 2-0 lead thanks to a safety – but the Lions came back and lead 14-2 at the half. Half-time adjustments saw the Aces come back into it, with Touchdowns from Matt Hardcastle and Quarterback Tom Worrall, but the Lions finished too strong, and won the encounter 27-16.

The 2011 season started brightly – with confident wins against Leicester, Staffordshire and Derby, before a bout of wintery weather delayed  fixtures until after Christmas. In a three week period, the Aces then dispatched Sheffield (56-0), NTU (14-0) and their big rivals Birmingham (30-21) giving them the inaugural MAC Championship Trophy.