In the 1928–29 Nemzeti Bajnokság I season Vasas finished 11th and they were relegated. Vasas won only 5 out of the 22 matches and gained only 14 points.[5]
1930s
Vasas returned to the top flight of the Hungarian League in the 1930–31 Nemzeti Bajnokság I season and the club finished 8th securing their membership in the top league.[6] However, in the next season (1931–32 Nemzeti Bajnokság I) Vasas were relegated again for the second time in the club's history. Vasas finished 11th and collected only 13 points by winning only 5 out of 22 matches.[7]
In 1966 Vasas set a record by winning the 1966 Nemzeti Bajnokság I season without any defeats.[28] Vasas competed in the 1966–67 European Cup. On 5 October 1966 Vasas beat Sporting 5–0 at the Népstadion in front of 65,218 spectators in the first round.[29] On 12 October 1966, Vasas beat Sporting 2–0 at the José Alvalade Stadium, Lisbon, Portugal. Vasas qualified for the second round on 7–0 aggregate.[30] On 16 November 1966, Vasas were hosted by 1965–66 Serie A champions Internazionale. The match was won by the Italian club 2–1 at the San Siro in front of 29,207 spectators.[31] On 8 December 1966, Vasas were beaten by Internazionale 2–0 at the Népstadion in front of 67,013 spectators. Vasas were eliminated from the 1966–67 European Cup on 4–1 aggregate.[32]
Vasas' football team belongs to the highest Hungarian football league and was the dominating force in Hungarian football during the 1960s. In the 2006–07 season Vasas finished 5th.
2000s
In 2006 the club would have been relegated as penultimate, but could retain its place as rivals Ferencváros were ousted instead due to financial irregularities. This would have been Vasas' second relegation in this decade.
2010s
On 3 August 2011, the club celebrated the 100th anniversary of their foundation with a match against Serie A club A.S. Roma at the Ferenc Puskás Stadium. The match ended with a 1–0 win for the Italian side. The only goal was scored by Viviani.[34]
On 13 May 2023, Vasas was relegated from Nemzeti Bajnokság I after a 1-1 draw against Zalaegerszeg in the 2022–23 Nemzeti Bajnokság I season.[40] On 13 May 2023, Miklós Nagy, sport director of Vasas, announced that on 15 May 2023 painful announcements would be expected.[41] Right after the relegation to the second division, it was announced that the salaries would be reduced by 30%.[42]
On 24 February 2024, Zoltán Gera was appointed as the coach of the club.[43] His assistant coach became Csaba Csizmadia.