Soon, the newly founded club promoted to the national top league which, at that point in 1995, was called 1. deild.

Soon after that, the alliance between the three founding clubs began to crumble, and FS Vágar was eventually disbanded in the fall of 2004.

In fall 2007, talks about a merger between FSV04 and SÍ Sørvágur, one of the members of the first incarnation of the club, started and were successfully concluded on 6 November 2007.

1. deild 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.