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The club was founded as an association football club on 8 May 1920. Two years later, the club expanded with athletics, wrestling and boxing. From 1924, speed skating was also introduced. Wrestling was abandoned in 1927 and boxing in 1935. A handball team was established in 1949. In 1966, the football team played in the 1. divisjon, the top tier in Norwegian football.
References
"Om klubben" (in Norwegian). Lisleby FK. Retrieved 10 December 2011.
Fagerli, Arnfinn; Nilsen, Christian Lunde (1999). Norsk fotball-leksikon (in Norwegian). Orion. p. 352. ISBN82-458-0398-7.