The new club was based at Maccabi's Gali Gil stadium in Ramat Gan, but largely consisted of Hakoah players.

In 1972–73, the club won their second title, but missed out on the double when they lost the cup final 2–0 to Hapoel Jerusalem.

In 1974–75 they finished in the relegation zone again, but were reprieved after the Israel Football Association decided to expand the league from 16 to 18 clubs.

In 1994, the club was involved in a match fixing scandal, and were punished by a points deduction, a fine and a ban on foreign players.

At the end of the 2001–02 season the club finished 7th in Liga Leumit (now the second tier), but were demoted by the IFA due to financial problems.

Although they finished second from bottom the following season, Hakoah won Liga Leumit in 2007–08 to make an immediate return to the Premier League.