[5] After losing the 1880–81 Welsh Cup final, the White Stars disbanded; but a meeting at the Lion Hotel on 23 July 1884 re-established a Newtown association football club, featuring many of the players and officials who had been involved with the White Stars, and, in some cases, with the original Newtown club beforehand.

Since then it has finished runners-up in the league in both 1995–96 and 1997–98, and subsequently played UEFA cup ties against Skonto Riga of Latvia and Wisła Kraków of Poland.

Newtown faced Danish giants Copenhagen in the second round and were defeated over both legs losing 5–1 on aggregate.

Newtown finished in the top 6 again during the following 2015-16 Welsh Premier League season and were also the only team to beat The New Saints at Park Hall, but eventually lost at home to Airbus UK Broughton in the play-off semi final.

Newtown again reached the play-offs after finishing 7th in the 2016-17 Welsh Premier League season, but were beaten 3–2 away to Bangor City.

Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply.

Newtown share a local rivalry with Caersws who are only around 5 miles away and often attract big crowds when the teams meet.

In the Cymru Premier Newtown have derby matches against fellow Mid-Wales clubs Aberystwyth Town and The New Saints.