BC Khimki is considered to be one of the most important basketball clubs in all of Russia. The team was founded on January 5, 1997, and won the first seasons' championship of its regional league, taking the opportunity to earn a place in the Russian Superleague A. The following year, Khimki positioned itself among the top 10 basketball clubs in the nation of Russia, guaranteeing a place in the European cup competition, the Korać Cup. There, the team competed against a group of defeated leaders of the Turkish, Yugoslavian and Bulgarian championships. In those years the team featured such famous players as guard Sergei Bazarevich, Valery Sizov (national player of the Soviet Union) and Russian national player Vitaly Nosov.
The team remained in a middle position in the Russian Super League until the 2002-03 season. That year the club made an improvement and the team finished in fourth place in the Russian Super League, demonstrating an excellent style of game. During the subsequent years, the Russian high society behind the club decided to make the roster even stronger, by signing players such as Gianmarco Pozzecco, Óscar Torres and Rubén Wolkowyski.