Lombard Pápa Termál Futball Club was first established in 1995 and initially operated under the name Pápai ELC. The club adopted its current name in 2004. Over the course of recent seasons, the team have began to establish themselves as a top side, competing regularly in the first division of the Hungarian football league system.
After several years of competing in the lower divisions, Pápa began to compete near the top of the second tier and promotion became a realistic target for the side. At the conclusion of the 2008–09 season, Pápa finished as runners up in the NB II Nyugat division. As a result of this achievement, they gained promotion to the top flight of Hungarian football.
Since reaching the top tier, the club have gradually established themselves in the division, remaining there consistently since gaining promotion. In their first season, 2009-10, they survived relegation. Their second season in the top league brought about their best finish to date, as they finished the campaign in 12th place. In addition to their domestic performances, Pápa have represented their country in a continental competition; the 2005 edition of the UEFA Intertoto Cup. In the first round of the cup, they saw off FC WIT Georgia in order to progress to the second round. Unfortunately, in the second round, they lost to Swedish giants, IFK Göteborg.
Over the years, a number of senior Hungarian interationals have played for the club, with some of the best examples being Lajos Szűcs and Zsolt Bárányos. Other notable players to represent Pápa in the top flight include Goran Marić, Gergő Lovrencsics and Mouhamadou Seye.
The team currently play their home games at the Stadion Várkerti, which is located in the city of Pápa. The venue is able to hold a maximum of 5,000 supporters for football matches.