The club was founded in 1963 as part of the Dynamo sports society, and adopted its current moniker in 1973. They are the second major-professional ice hockey team to represent the city of Kiev, preceded only by its short lived predecessor, also named Dynamo (founded in 1953). They are the most successful Ukrainian team to have competed in the Soviet Championship, finishing as high as third in the highly competitive circuit (1985) and producing several award winning players. In 1986, Sokil managed to become the first and only Ukrainian-based team to compete in the Spengler Cup ice hockey tournament, where they would finish 2nd. They also became the first Ukrainian team to win an international league championship, doing so in the Eastern European Hockey League consecutively in 1998 and 1999.