Later that year, the former Bundesliga club Tasmania 1900 was declared bankrupt and was disbanded.

Many club officials and players followed suit to support the new team in Neukölln.

Tasmania 73 played the 1997–98 and 1998–99 seasons in the then fourth tier NOFV-Oberliga Nord.

Following a league restructure and two relegations in succession, the club played the 2009–10 season in the 8th tier Bezirksliga Berlin Staffel 3 before finishing second and gaining promotion to the Landesliga Berlin Staffel 2 (VII) for the 2010–11 season.

Tasmania's home matches are played at the 3,000-capacity Werner-Seelenbinder-Sportpark in Berlin-Neukölln, directly next to the site of the former Berlin Tempelhof Airport.