Lyn was founded on 3 March 1896 at St. Hanshaugen. Lyn was one of three clubs who in 1902 founded the Football Association of Norway, and is the only one still existing. In the first decade of Football in Norway, the club was one of the strongest and won four consecutive Norwegian Cups from 1908 till 1911. At the 1936 Summer Olympics, six Lyn-players, Arne Brustad, Øivind Holmsen, Fredrik Horn, Magnar Isaksen, Jørgen Juve and Frithjof Ulleberg, represented the Norway national football team that won the bronze medal, with Juve as the team's captain. Jørgen Juve is still the player with the most goals scored for the Norway national team.