The club was formed in 1878 and initially took part only in minor local competitions. In 1880, the club entered the FA Cup for the first time, and three years later defeated Old Etonians at Kennington Oval to win the trophy. This victory was a significant factor in the decision by the sport's governing body, The Football Association, to allow professionalism two years later. Olympic, however, proved unable to compete with wealthier and better-supported clubs in the professional era, and folded in 1889.
The Countie Pallatine of Lancaster Described and Divided into Hundreds, 1610, a map of Lancashire engraved in around 1627 by John Speed. The map features a street plan of the county town, Lancaster, and side panels containing portraits of kings from the House of Lancaster and the House of York.