The team was formed in 2021 in order to become the legal successor of the original FC Brașov, which was dissolved five years earlier.

The new entity has permission to use the original club brand and is supported by the local authorities; however, it has a continuity issue [according to whom?]

and was directly enrolled in the Liga II on the berth of Corona Brașov, a former rival of the original club.

The club achieved promotion to Divizia B next season by winning the District Championship final, but the competition was postponed because of the Second World War.

Corona ceased its place to a new entity called FC Brașov-Steagul Renaște and then disappeared from the map of Romanian football.