Yangon United FC

Air Bagan FC

On 18 July 2007, the chairman of Htoo Group Of Companies announced to establish a football club. So the company took over a first division club, Viva FC and changed the name to Air Bagan FC which competed in the 2007-2008 season. Air Bagan FC became champions of the first division in their first debut year in which the club sees themselves being promoted to the top division, Air Bagan FC competed in the 2008 Myanmar Premier League season and finished in the top half of the table.

Yangon United

After the league was transformed to the nation's first professional football league, Air Bagan FC was renamed to Yangon United and represented the seven million population in Yangon. Yangon United also formed an alliance with Thailand club, BEC Tero Sasana.

On 16 May 2009, Yangon United defeated Zeya Shwe Myay 4–0 in the league's second ever match to open the MNL Cup 2009. The club finished in second place in group play with 16 points. Yangon United lost to Yadanarbon in the final on penalty shootout after a 2–2 draw. During the 2010 season, Yangon United built an artificial turf football pitch and gymnasium.

In 2010, Yangon United built their training ground and gymnasium. Yangon United Gymnasium is the first gym among the Myanmar National League clubs.

Myanmar National League three-peat and AFC Cup debut (2011 – 2013)

In 2011, Yangon United won their first ever Myanmar National League title and also became the champions of the 2011 Max Cement MFF Cup This is the first time a team has won both the Cup and the League title in the short history of the MNL. The following year In 2012, The Lions appointed Bulgarian coach, Ivan Kolev for the 2012 season in which he helped the club to won their second consecutive Myanmar National League title and qualified for the 2013 AFC Cup.

In 2013, Yangon United signed with Grand Sport as their main kit supplier. Yangon United make their debut in the 2013 AFC Cup being placed Group F with Maldives league champions, New Radiant SC, Hong Kong club, Sunray Cave JC Sun Hei and Indonesian cup winners, Persibo Bojonegoro. The Lions put up a fiery display in the tournament winning five games and only losing once thus finishing the group stage as runner-ups with 3 goals difference away from group leaders, New Radiant which see them both through to the Round of 16 for the first time in the club history. Yangon United than travelled to India to face East Bengal on 15 May 2013 at their home ground, Salt Lake Stadium which unfortunately saw the club losing 5-1 thus exiting out from the tournament. However, on the bright side, Ivan Kolev guided the club to retained their league title in which they won their third consecutive Myanmar National League title.

Yangon United again qualified for the 2014 AFC Cup where they faced Vietnamese cup winners, Vissai Ninh Bình, Hong Kong league champions, South China and Malaysian club, Kelantan. The club performed magnificently in the tournament as they went on to finished as group runner-ups winning 3 times and losing 3 games in which the club qualified for the Round of 16 tie against Indonesian club, Persipura Jayapura in which they suffered their heaviest defeat in their history losing 9-2 at the Mandala Stadium.

The 2014 season saw the club finishing 2nd in the league, 4 points behind champions, Yadanarbon which saw their three consecutive league title streaks come to an end. However, the club managed to get hold of the league title in the 2015 season winning their fourth league title in the club history and also seeing them qualified to the 2016 AFC Champions League qualifying play-off where they faced Thailand club, Chonburi losing 3-2 in extra time sending Chonburi to the next round to face J1 League club, FC Tokyo.

In 2018, Yangon United won their fifth league title finishing as champions with 1 point ahead of league rivals,Shan United. The club winning the league as champions saw them qualified for the 2019 AFC Champions League qualifying play-offs facing against Philippines club, Ceres–Negros which The Lions won the match 2-1 progressing on to the next stage to face Thailand club, Chiangrai United losing 3-1 in the process thus exiting from the qualifying play-off and being dropped to the 2019 AFC Cup.

They would go on and dominate for long periods, until 2019, when they gave up the trophy to Shan United. They followed that up with an unconvincing 2020 Myanmar National League finishing 4th.

In the 2022 Myanmar National League season, they finished second place behind Shan United. Their top scorer was Valci Júnior who scored 8 goals in that season.