The team belonged to the "Histadrut", Israel's organization of workers unions, and represented Socialist values.

Eventually, it was purchased by businessman Yosi Sassi in 1993, who appointed his friend, Victor Yona, as chairman.

[1] After the 2006–07 season, in which the team dropped for the second time to the 3rd league, and after years of searching for someone to buy Hapoel Jerusalem, disenchanted fans, extremely dissatisfied with the management, resolved to create a company with the aim of purchasing the club.

The group, led by journalist Uri Sheradski and supported by then future mayor Nir Barkat, bought Hapoel Mevasseret Zion/Abu Ghosh (which was founded in 2004 by a merger of two clubs from Abu Ghosh and Mevasseret Zion), and renamed it "Hapoel Katamon/Mevasseret Zion".

[3] Not all of Hapoel Jerusalem fans supported this move; some believed that creating Katamon was "betraying" the team.

A popular slogan among the critics was "love can't be bought for a 1,000 Shekels", a reference to the membership price.

The first year, the 2007–08 season, was a relative professional success, as the team reached the 7th round of the Israel State Cup,[5] and finished the league second place, just one point shy of advancing to the Liga Artzit.

[7] Eventually, it was decided by a vote of member-fans to end the cooperation with Hapoel Mevasseret, and instead establish a new club altogether.

Throughout the 2008/2009 season Hapoel Katamon had a steady lead, and it finished first in the league, advancing to Liga Bet.

Social and ideological causes, and values such as equality and coexistence, fair play, and denouncing violence are also emphasized.