Íþróttabandalag Akraness, often known by the simplified name of ÍA, was first established back in 1946. Based out of the town of Akranes, over the years the team have won numerous major honours and currently rank amongst the most successful teams in the history of Icelandic football. The club have a number of nicknames, including 'Gulir og Glaðir', which translates to 'Yellow and Happy'. The football team makes up one department of a larger sporting club.
After their foundation, it took little time for ÍA to become competitive near the top of the league and the 1950s marked a golden era for the club. Over the course of the decade, they were able to claim Icelandic championships in 1951, 1953, 1954, 1957 and 1958, in order to fully establish themselves as one of the league's elite teams.
In total, the club have won the league 18 times, with only two teams winning more titles than them throughout history. This achievement is even more impressive given that ÍA were founded decades after the country's other traditional giants, KR, Valur and Fram. Their most recent title success came at the conclusion of the 2001 season. Moreover, ÍA have been able to lift the Icelandic Cup nine times, the Icelandic League Cup three times and the Icelandic Super Cup once. In 2002, they were also able to add the Atlantic Cup to their list of trophies.
Arnar Gunnlaugsson was the league's top goalscorer in both the 1992 and 1995 seasons, while the likes of Bjarni Sigurðsson, Sigurður Jónsson and Gunnlaugur Jónsson were all named as Player of the Year whilst playing for ÍA.
ÍA's home matches are played at Akranesvöllur, which opened 1935. The venue has 850 seated spaces, but is able to hold a total of 4,850 supporters for most football matches.