The club was formed in early 2007 by members of the Cove, a supporter group of A-League club Sydney FC. However the Club's beginnings trace back to 2005, when a charity match was played between members of the Cove and the Marinators (Central Coast Mariners supporters).

While it's believed that the name of the club was penned because of the use of trains to get to games on the Central Coast, it was actually suggested by Darren, a member of the Cove, at the Campsie Hotel while watching an A-League fixture. The name came about after a conversation with Darren, Sydney Rovers and hillbilly about the naming of the Sydney FC supporters' team. Each person started suggesting names by using the name of Eastern European football clubs and putting Cove at the end of the name, but when Darren suggested Lokomotiv, a name usually associated with Railway company football teams from the former Eastern Bloc, everyone agreed that that the name sounded great and decided that should be the name of the new team.

The name 'Lokomotiv' was formally used at the supporters Charity match a week later; When hillbilly was asked by the ground announcer at the Cove vs. Marinators charity match what the Sydney FC supporters team would be called. hillbilly, remembering the conversation the week before, said "We're called Lokomotiv Cove", and since that moment the name has remained.

Later that year a Lokomotiv Cove team played a match against Den United, a Queensland Roar supporter team, in a curtain-raiser to a Queensland Roar-Sydney FC match at Suncorp Stadium. Out of these charity matches, Lokomotiv Cove the club was born. The club joined the Eastern Suburbs Football Association in 2007.