Founded on 6 March 1893 in the Keglerheim (Nordstraße) as a football and cricket club at the instigation of a group of three Englishmen, it is notable as a founding member of the DFB (Deutscher Fußball Bund or German Football Association) at Leipzig in 1900 where it was represented by Oskar Büttner.
Prior to this LBC played a prominent role in the formation of Verband Leipziger Ballspiel-Vereine in 1896 with Büttner serving as the city league's first president. This circuit was part of the larger regional Verbande Mitteldeutscher Ballspiel-Vereine (Federation of Central German Ballgame Associations).
The footballers played in the city's Sportplatz in white-and-yellow vertically striped jerseys and dark-blue shorts. They generally earned lower-to-mid-table results, with their best finish coming in 1907–08 when they appeared in the city final, losing 1:6 to VfB Leipzig. VfB also notes in their history that their first ever match was a victory over LBC (3:1) on 5 July 1896. After a long string of poor finishes LBC slipped to lower-tier play in the mid-1920s before disappearing towards the end of World War II.
The association also had a tennis department.
