The club was founded as
Homenmen-FIMA FC in 1992 in the Armenian capital Yerevan, representing the sporting club of the
Armenian State Institute of Physical Culture. They participated in the first ever
Armenian football competition in 1992 after the split-up from the
Soviet Union. After the regular competition they qualified for the championship stage where they finished in the 9th position. As a result, they have qualified for the highest level in the 1993 season. In 1995, the club became known as
Homenmen Yerevan FC, representing the pan-Armenian sports and scouting organization
Homenmen (founded in
Aleppo in 1921). In 1997, the club was renamed as
Erebuni-Homenmen FC. In 1999, the Homenmen organization withdrew its sponsorship from the club. As a result, the team was forced to retire from professional football at the beginning of 2000, due to financial difficulties. In spite of several sponsoring changes and financial obstacles, the club had never been relegated form the
Armenian Premier League. ==Domestic record==