The club enjoyed some success during the first half of the 20th century, securing many Cup titles, and despite failing to win the league title, had a certain stature in Norwegian football. The Norway national football team that won the bronze medal at the 1936 Summer Olympics included six players from Lyn. The captain of this team was Lyn-player Jørgen Juve, who is still the player with the most goals scored for the Norway national team. The club's most recent period of success was during the 1960s, when they won four trophies and reached the quarter-finals of the European Cup Winners' Cup.