[1][2] Their intercity rival, Toronto City, of USL folded in the process after only one year.

[3] In the NASL, with the legendary László Kubala as their coach, the Falcons played well collecting a 13–6–13 record, but financial troubles caused the club (along with 11 others) to fold.

During the 1967 season, the Falcons were able to sign Bill Brown a Scottish goalkeeper who received 28 international caps in his career.

Defender Guglielmo Burelli played over 150 games in the Serie A, including one season for Juventus FC Other players worth noting are Iris DeBrito and Yanko Daucik both prolific goal scorers, and John Lima from the first Spanish league.

The team became something of a family affair with the addition of Daucik's brother in law László Kubala (player/coach) and nephew Branko Kubala to the squad, not to mention Yanko's father Ferdinand Daučík served as the head coach.