Dissatisfied over a decision to travel to Austria-Hungary in order to play a friendly match with Hajduk Split, this group left BSK and formed their own club, naming it SK Velika Srbija.

[1] Beside a group of former BSK players, the squad was formed by footballers from another Belgrade club, SK Slavija from Belgrade suburb Vračar, a number of players from another club formed by Stojanović, FK Šumadija, and Czech footballers Edvard Mifek, Venčel Petrovický and Alois Machek.

The final was played on May 11 in Košutnjak in the field of BSK in which Velika Srbija won Šumadija by 3–1 with two goals from Alois Machek and one from Mileta Jovanović.

Prominent clubs throughout Yugoslavia that were considered politically and ideologically incompatible by the new Communist regime were dissolved and remodelled along Soviet sporting lines.

On 4 March a mass meeting was held in the Belgrade's State Institute for Physical Culture (old DIF), during which a new sports society dubbed "Crvena Zvezda" was proclaimed.

The new squad was further amalgamated by a substantial contingent of BSK players, which included Svetislav Glišović (serving as the first coach of Red Star), Kosta Tomašević, Rajko Mitić, Branko Stanković, Miodrag Jovanović, Srđan Mrkušić, and Đura Horvatinović.

[11] On 5 May 1945, Communist Party Secretary of Sports Mitra Mitrović-Djilas officially signed a decree dissolving all football clubs without formal ties to the regime.

[12] The new club carried much of SK Jugoslavija's fan base and served as the national team of SR Serbia, winning the first post-war tournament in September 1945, before officially commencing the 1946-47 Yugoslav First League season as Red Star.

[18][19][20] By the late 1980s all living former Jugoslavija players were inducted as honorary Crvena Zvezda veterans in an association headed by Rajko Mitić.