The idea to found the new football team began with a birthday party in 2005.
The team is named after its first team sponsor, the Faroese representative of the Icelandic soap producer Undri, which means wonder in Icelandic. It means the same in the Faroese language, however a definite article is added making it Undrið, but the Faroese pronunciation remains the same. (In Icelandic, they would be different).
In the 2010 season the team lost the 3. Deild final to B36, but gained promotion to 2. Deild. The club also announced the signing of Rúni Elttør and Høgni Joensen, both former top-flight Faroese footballers, as team coaches for the 2011 season.