The Valur men's basketball team, commonly known as Valur, is a basketball team based in ReykjavÃÂk, Iceland. It is part of the Valur multi-sport club.
The club was founded as Gosi on 25 December 1951 and was one of the founding members of the Icelandic men's top division. On 22 December 1957 the club changed its name to Körfuknattleiksfélag ReykjavÃÂkur (English: ReykjavÃÂk Basketball Club) and played under that name until 1970. On 3 October 1970 the club merged into Valur sports club and became its basketball department.
Under the new name, Valur had considerable success in the 1980s, winning the Icelandic championship two times, in 1980 and 1983, and the Icelandic cup three times, 1980, 1981 and 1983.
In 1992, Valur reached the ÃÂrvalsdeild finals where it lost to KeflavÃÂk 2âÂÂ3.
In 2022, Valur won its third national championship after beating Tindastóll in the ÃÂrvalsdeild finals. On 2 October 2022, Valur won its first Super Cup, after defeating Icelandic Cup holders Stjarnan 80âÂÂ77.
On 14 January 2023, Valur won its fourth Icelandic Cup title, and its first in 40 years, after defeating Stjarnan in the Cup final.