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The club started as a project to bring a big basketball club to the city of Paris, led by David Kahn, former director of the Minnesota Timberwolves of the National Basketball Association (NBA). In July 2018, the creation of the professional club was announced. At the revealing, the ambitions were to be a team in the EuroLeague, the highest-level European league, by 2022. The future home arena of the team would be an arena in Porte de la Chapelle, that was constructed for the 2024 Olympics. The team immediately entered the LNB Pro B, the national second tier league, as the club bought the licence of HTV Basket. The club would play its home games in the Halle Georges Carpentier, waiting for the construction of the Paris Arena II.
In the 2020–21 season, Paris finished in the second place in the LNB Pro B championship and thus were promoted to the LNB Pro A for the first time in club history.
