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Kullman
A similar situation has ACS Petrolul 52 Ploiesti (Romanian Second League). They have been in the FM2016 as SC FC Petrolul Ploiesti. Now, the new team (Petrolul 52) has bought the merch in real life, so they have complete history of the old team. This is how i tought it would also be for Rapid. But the new team (FC Rapid 1923 Bucharest) has only 2017-2019 history.
Sources: https://www.gsp.ro/fotbal/liga-4/a-fost-cumparat-brandul-rapid-ce-inseamna-pentru-palmares-si-ce-suma-s-a-platit-la-licitatie-putem-sa-ne-numim-rapid-541648.html
https://www.sport.ro/liga-1/breaking-news-academia-rapid-a-luat-palmaresul-rapidului-si-a-devenit-oficial-rapid.html
(for Petrolul): http://liga2.prosport.ro/special/dupa-uta-si-fc-arges-fotbalul-romanesc-recastiga-si-petrolul-acs-petrolul-52-devine-petrolul-cu-4-titluri-si-3-cupe-dupa-ce-a-castigat-licitatia-achizitionarii-celor-6-marci-16471070
mons
That's something you'd have to ask SI about as they do the data in the game.