The club was founded on 22 October 1935 by Fritjov Lund, Harald Hansen and Søren von Krogh.

[1] In the 1980s, the club saw another high point as the women's team won the Holmenkollstafetten road relay in 1986, 1989 and 1990.

[9] During the 1980s, world record holder Ingrid Kristiansen was a member of the club, as were prolific national medalists Christin and Maiken Sørum.

With two different team members, Skjalg also set the Norwegian record for clubs in the 4 x 200 meter relay.

[1] In the 2000s, Skjalg produced the sprinter Elisabeth Slettum, who won became Norwegian champion in the 200 metres nine times,[13] as well as Mathias Hove Johansen who claimed national titles in the same event for men.