The club continued to exist in an administrative capacity after its departure from the VFA, and continued to operate the Prahran Tabaret – a gambling bar it owns and operates in Chapel Street, Prahran – despite having no on-field presence. In 1999, the club merged with Southbank Amateur Football Club in 1999 and joined the Victorian Amateur Football Association under the stewardship of Herald Sun racing writer Tim Habel. It also re-established its junior arm; and, after commencing with just two junior teams, the club now has eight junior teams and has formed a joint Under 19 team with Caulfield Football Club. In 2010, a joint venture with Assumption College was approved and in 2011 the club changed its name to Prahran/Assumption Football Club.