Dynamo Kyiv, founded on 13 May 1927 as the Kyiv branch of the Soviet Dynamo Sports Society, grew into one of the most successful and influential clubs in the history of Eastern European football. Based in Ukraine's capital, the club has never been relegated from the top flight since 1936 and became, alongside Dinamo Tbilisi, one of only two Soviet clubs to make a lasting mark on UEFA competitions.
The club's greatest era is inseparable from Valeriy Lobanovskyi, who managed Dynamo across three spells between 1973 and 2001 and pioneered a scientific approach to training, drawing on data analysis and sports-science methods unusual for the time. Under his guidance, Dynamo won the Soviet Top League title five times in the 1970s alone and lifted the European Cup Winners' Cup twice – beating Ferencváros 3–0 in the 1975 final in Basel, and Atlético Madrid by the same score in the 1986 final in Lyon. The 1975 triumph also brought the UEFA Super Cup, won against Bayern Munich, making Dynamo the first Soviet club to claim a European trophy.
The club produced three Ballon d'Or winners – Oleh Blokhin (1975), Ihor Belanov (1986) and Andriy Shevchenko (2004) – a rare feat for a club outside Western Europe. Shevchenko was central to Dynamo's most celebrated modern European run, in the 1998–99 Champions League, when the team eliminated defending champions Real Madrid in the quarter-finals before facing Bayern Munich in the semi-finals; a dramatic 3–3 draw in Kyiv, in which Shevchenko scored twice, remains one of the most fondly remembered matches in the club's history, though Dynamo were eliminated after a narrow defeat in the return leg.
Since Ukrainian independence in 1991, Dynamo have remained the country's dominant club alongside Shakhtar Donetsk, with matches between the two forming Ukraine's fiercest football rivalry. The team's home ground has changed names several times over the decades – known as the Republican Stadium until 1995 and briefly renamed in honour of Lobanovskyi – and since 2012 Dynamo have played their biggest matches at the NSC Olimpiyskiy, Kyiv's national stadium, with a capacity of over 70,000. The club continues to rely heavily on its youth academy, regularly supplying the core of the Ukrainian national team while competing for domestic honours and in European group-stage competitions.