The joint venture collapsed and Manly retained the Northern Eagles licence for the 2002 season until returning to the competition as Manly Warringah Sea Eagles for the 2003 season. The 2003 and 2004 seasons produced very few moments of joy for Sea Eagles supporters. The club improved its playing stocks for 2005, and reached the semi-finals for the first time since 1998. Manly would not miss the finals until 2015, whilst every other club have missed the finals at least once since 2004.