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Established on March 12 1949 on the initiative of Raden Temenggung Sukardi who served as Regent of Bojonegoro at that time. Vacant in 1960 and starting to revive in the new millennium in 2000, the team's best achievement was achieved in the 2003/04 season after successfully appearing as champions of Division Two of the Indonesian League and promotion to Division One of the Indonesian League. Not only that, in the 2007/08 season, this team emerged as Division 1 champions and was promoted to the Premier Division

In their first season in the second caste of national football, the team nicknamed Laskar Angling Dharma made a big surprise in the Copa Indonesia tournament, after they defeated three teams from Indonesia's highest caste, namely, Arema Indonesia, Persik Kediri, and Pelita Jaya to advance to the last eight of the prestigious tournament which brought together three teams from different divisions. At the same time, the national football public was shocked and began to reckon with them, so they were nicknamed "The Giant Killer" by the media.

Persibo managed to win 2009-2010 Indonesian Joss League after defeating Deltras FC in the final match, thus successfully qualifying for the 2011 Indonesian Super League with Deltras FC as runner-up and Semen Padang FC who won third place. After playing several matches at LSI, precisely at the end of December 2010 Persibo decided to cross over to the Premier League. which at that time was a breakaway league so it received sanctions which meant that Persibo Bojonegoro was prohibited from participating in any PSSI activities and had to be thrown into Division One Indonesian League the following season. However, Persibo Bojonegoro's membership status was whitened along with Persema Malang, Persebaya Surabaya and PSM Makassar by the PSSI Executive Committee (Exco) in the third Exco meeting on Monday, 15 August 2011 at the PSSI Senayan Office Jakarta.

The lifting of these sanctions gives the "green light" for Persibo to take part in the assistance of the PSSI professional league for the 2011/12 season and compete with Indonesian Super League and First Division clubs to become a professional club. From the results of this assistance, Persibo was registered as one of the 24 clubs entitled to appear at level 1 of the Indonesian pro league which was later named Indonesian Prima League or Indonesian Premier League. In the season 2011/2012 Persibo was in the Indonesian Premier League along with 12 other teams which is the highest division in Indonesia.