In modern times, the club is still widely regarded to have one of the best youth academies in Norwegian hockey.

The multi-sports club SK Star was founded on 23 June 1913 at Akershus Festning in Oslo.

In the 2004/05 season, Manglerud Star was relegated from the top flight due to financial problems.

The club was relegated again following the 2011/12 season, but regained the top flight spot following Rosenborg IHKs bankruptcy in the summer of 2014.

In 2004, the city of Oslo provided funding for a renovation of Manglerudhallen, which also includes a football arena beside the hockey rink.