They are owned by Bagret Navoyan, a businessman and founder of Bagretour LLC, and have a cooperation agreement with the Brazilian club Botafogo since August 2017.

In 1992, the team played in the Premier League representing Martuni and using the City Stadium of the town as their home venue.

The 2015/16 season saw Alashkert have a superb performance in the Armenian Premier League, winning the title after a tough battle with runners-up Shirak SC.

The 2017/18 season marked a zenith for Alashkert as they clinched the title for the third consecutive time, establishing their dominance in Armenian football.

However, the subsequent season, 2019/20, demonstrated the team's ability to recalibrate and maintain a competitive edge, resulting in a commendable third-place finish.

The narrative took an exhilarating turn in the 2020/21 season when Alashkert, fueled by a renewed sense of purpose, once again secured the title, adding another chapter to their storied legacy.

Despite the fact that St Johnstone were considered as the favourites, Alashkert were victorious after the two games and were able to create a sensation.

In the second game, Alashkert were able to achieve victory as a result of a last-minute winner scored by Heber Araujo, 2–1.

Alashkert were the first ever Armenian side to play in a European group stage after defeating Kairat 3–2 on 12 August 2021.

After losing their first five matches, Alashkert managed to draw 1–1 against Maccabi Tel Aviv on matchday six, which was the first ever point earned by an Armenian side in any UEFA group stage.

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

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