The club won the inaugural Federation Cup and were premiers of the regular season, losing the grand final to Auburn.
A group of influential and disgruntled Pan-Hellenic (Sydney Olympic) members and supporters decided because of various disputes to leave and enquired about investing in the club.
The team managed a lowly 10th place and narrowly escaped relegation from the NSW Premier League.
Graham Arnold, Charlie Yankos, goalkeeper Ron Corry, Peter Katholos, John Watkiss and Zlatko Arambasic are also Australian internationals who originated in the ranks of the club.
Austrian legend, the former SK Rapid Wien player Leo Baumgartner belonged to the team with the Warren brothers, Watkiss and Corry that defeated Sydney FC Prague in the NSW grand-final of 1960 5–2.