There has been a club or association on the Faughan for perhaps 70 years, originally renting the rights on the tidal section of the river from the Foyle Fisheries Commission (now the Loughs Agency). The freshwater section could be fished by permit from the Honourable the Irish Society.

The Faughan Anglers Association negotiated a lease for the entire freshwater section from the Irish Society in 1960's, which also guarantees access/trespass rights. Thus with the tidal section the entire river and its tributaries came under the control of a single entity.

The current organisation evolved from the Faughan Anglers Association, an angling club with several hundred members which dissolved in 1995 to form a company limited by guarantee, with four officers of the club becoming the founder members of the company.