[1] It won the Latvian Top League on seven occasions between 1927 and 1939, becoming the first non-Riga team to win the title.

[2] Otto Fischer moved in 1936 to Latvia, where he coached the team until 1940.

[3][4] Under him, the team did not lose a game as they won the League in Fischer's first season, and again in 1938 and 1939.

It was shortly revived during the Nazi occupation of the Baltic states from 1941 to 1944.

With the return of the Soviet occupation, the players of Olimpija formed the core of the newly created Dinamo Liepāja and Sarkanais Metalurgs teams.