Founded as SC Rakovski in December 1922, the club was declared bankrupt in 2015 and re-founded as FC Sevlievo.

The club was founded on 29 December 1922 as SC Rakovski by a group of football enthusiasts of the Association for Tourism in Rositsa.

In the same season, Vidima-Rakovski had their best Bulgarian Cup run, beating Kameno and Belasitsa Petrich before losing to Lokomotiv Sofia in the quarter-finals.

On June 2, 2007, Vidima won the play-off against PFC Naftex Burgas with a result of 1-0 and qualified for the first division for the second time in the club's history.

They finished at 14th place in A PFG in the next season and secured their top division status after winning a relegation play-off against Sportist Svoge, which Vidima won after a penalty shoot-out.

[1] 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.