In April 2023, AFC Toronto was established by a group of local soccer community members, including Helena Ruken, Brenda Ha, Jill Burgin, Billy Wilson, Mike Ruthard, Kamal Sandhu, and Shamez Mangalji.

[4] In January 2024, Canadian Olympic sprinter Andre De Grasse joined the club as an investor.

[5][6] In June 2024, the club unveiled their official branding, maroon and vermillion serving as the team's colours, and their crest, which features a letter T at the centre symbolizing Toronto and mirrored 7s on either side representing the team’s original seven founding members, as well as the city’s original six boroughs plus the GTA.

[7][8] It was announced that the team would play at York Lions Stadium as their home venue for the 2025 season, sharing the venue with Canadian Premier League club York United FC and MLS Next Pro side Toronto FC II.

[11] Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply.