Founded in 1980, the club underwent a series of name changes due to sponsorship before withdrawing from the league ahead of the 1988-89 season.

During the 1990s and 2000s, the club was known as Čukarički Stankom due to sponsorship reasons.

The tournament made was downgraded in 2006 due to sponsorship reasons, and was shut down in 2008.

In 1993 team was renamed to Fomalgaut Borisov due to sponsorship.

For the 2011-12 season, the team will known as Caja3 Aragón due to sponsorship of Caja3.

The Society has received an increased amount of funding in recent years, due to corporate sponsorship and college contributions.

The League Cup has been known by different names due to sponsorship:

Due to sponsorship it was never known as the League Cup.

From 2006 to 2010, the club was known as Tamiš Petrohemija due to sponsorship reasons.

The event was cancelled in 2006 and from 2011 due to sponsorship reasons.