The club was founded in 1945 and was named after Jovan Mikić Spartak, an Olympic athlete from Subotica, who was killed in 1944.

[1][2] In August 2021, the Basketball Federation of Serbia confirmed a disaffiliation of Fair Play and their merge into Spartak.

The club took the Fair Play's spot for the 2021–22 Second Serbian League season.

[3][4] The club has had several denominations through the years due to its sponsorship: Note: Flags indicate national team eligibility at FIBA-sanctioned events.

Note: Flags indicate national team eligibility at FIBA-sanctioned events.