Víkingur Gøta was formed on January 14, 2008, through the merger of two established clubs from the Eysturkommuna municipality on the island of Eysturoy: GÍ Gøta and Leirvík ÍF. Despite being a relatively young entity in Faroese football, the team rapidly established itself as a major domestic powerhouse. The club plays its home matches at the Sarpugerði stadium in Norðragøta, traditionally competing in black and light blue colors.
Following its emergence in the Faroe Islands Premier League, the club achieved remarkable success in both league and cup competitions. Víkingur Gøta captured the Faroese championship titles in 2016, 2017, and 2024. Their honors list also includes six Faroese Cups and five Super Cups. A defining element of the club's identity is its performance in UEFA competitions. In the 2014–15 season, managed by Sigfríður Clementsen, the team made history by becoming the first Faroese club to reach the third qualifying round of the UEFA Europa League, defeating Finnish side Inter Turku and Norwegian outfit Tromsø IL.
Throughout its history, the squad has relied heavily on local talent, with long-serving national team international Sølvi Vatnhamar playing a central role in the club's achievements. Víkingur Gøta remains a benchmark for Faroese football, seamlessly combining regional roots with consistent appearances on the European stage.