In their first season in the second level, 2012–13, the team barely missed out on promotion to the A Group.

In 2012, Rakovski managed to promote to the B Group, the second tier of Bulgarian football, for the first time in club history.

Financial problems started in 2014, and Rakovski was forced to withdraw from the B Group after the winter break of the 2014–15 season.

The team fell down to the amateur levels gradually, where it most recently played, the fourth tier.

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