Íþróttabandalag Ísafjarðar (Icelandic pronunciation: [ˈiːˌθrouhtaˌpantaˌlaɣ ˈiːsaˌfjarðar̥], lit.
[2] ÍBÍ's men's football team was founded in 1955 and participated in the Icelandic top-tier league in 1962, 1982 and 1983.
[3] It folded prior to the 1988 season due to financial difficulties and most of the players transferred over to Boltafélag Ísafjarðar.
[4] 1 Then known as 2. deild karla 1 Then known as 3. deild karla ÍBÍ's women's team was founded in 1981 and participated in the Football Cup that year.
It won the second-tier league in 1987 but the club folded just before the 1988 season and most of the players moved to BÍ which took its spot in the top-tier league.