The club was established on September 2, 1997 as Vidima-Rakovski, but it was named as a predecessor of SC Rakovski, which was founded on December 19, 1922. Vidima-Rakovski have spent most of their history playing in the lower divisions of the Bulgarian football league system, until 2003, when the club earned promotion to the top division. The club's home ground is the Rakovski Stadium in Sevlievo, which has a capacity of 8,816 people. The club was dissolved due to financial troubles.
Foundation
The team was founded on 4 June 2015 after the dissolving of the Sevlievo's team PFC Vidima-Rakovski Sevlievo. The new team had the name "FC Sevlievo" chosen over the name Rakovski Sevlievo. The team got the license of FC Era-1 and started season 2015-16 from V Group with Milen Vankov as manager.[1]