One of the traditional powerhouse regions of Indian football, Goa was bound to be one of the cities to participate in the Hero Indian Super League from its inception. In early 2014, it was announced that the All India Football Federation, the national federation for football in India, and IMG-Reliance would be accepting bids for ownership of eight of nine selected cities for the upcoming Indian Super League, an eight-team franchise league.
On 13 April 2014, it was announced that Venugopal Dhoot had won the bidding for the Goa franchise along with Dattaraj Salgaocar and Shrinivas Dempo. The club was officially launched on 26 August 2014 at a well-attended ceremony in Goa. On 23 September 2014 Virat Kohli Indian Cricketer was unveiled as one of the co-owners. The brand ambassador of the club is Bollywood actor Varun Dhawan. FC Goa is the first Indian sports club to launch a satellite TV Channel - FC Goa TV on Videocon D2H.
The Legendary Brazilian Football player Arthur Antunes Coimbra (Zico ) signed as the club's Head Coach on 2 September 2014. On 20 September 2014 FC Goa officially confirmed Arsenal legend Robert Pires as their first marquee player. On 26 September Afghanistan captain Zohib Islam Amiri joined FC Goa. On 29 September another former Arsenal player André Santos joined Indian Super League side FC Goa. 14 players from the Dempo SC outfit alongside a Mohun Bagan loanee in Biswajit Singh comprised the 15-player FC Goa domestic contingent.
FC Goa lost four out of their first six matches but came back strongly in the second half of the tournament with five victories from their last eight encounters keeping five clean sheets in their 14 matches. Overall, Zico has done a remarkable job with six wins, four defeats and three draws, which took them to the second spot of the standings with 22 points. By finishing second in the league, the club qualified for the end-of-season play-offs, where they lost via a penalty shootout against Atlético de Kolkata in the semi-finals after a goalless draw. At the end of season awards, Jan Šeda was named the Golden Glove winner.
Particularly encouraging from the first season was the arrival of Romeo Fernandes on the national footballing scene. The Goan's consistent displays on the pitch quickly turned him into a fan favourite and attracted interest from lands as far as Brazil. His performances culminated in him being loaned out to Atletico Paranaense from parent club Dempo SC, where he became the first Indian to play professionally at the senior level in South America.