One season later, in Gibraltar Second Division, Phoenix finished in 4th place, 14 points behind the 2nd-placed Angels and the promotion spot, which would have secured them promotion back to the top flight at the first attempt.
After a rebrand, Phoenix finished 3rd in the Second Division during the 2015–16 season, six points behind Mons Calpe in second place, who were promoted via the playoff, and further 3 points behind Europa Point, who won the title.
The side lost their first two games of the 2016–17 season due to forfeits on account of the new Home Grown Player rule in effect in Gibraltar. Their first game, a 4–1 victory against Hound Dogs, was overturned in favour of the losing team, while their second game against title rivals Bruno's Magpies wasn't played at all, with the game being awarded to Magpies. After filling their quota for domestic players, Phoenix saw a turnaround in form, which included a club record 20–1 victory against Angels, sitting joint-top of the Second Division at the turn of the year. Phoenix secured the title on the penultimate week of the season, after an 11–0 victory over College 1975, returning to the top flight after a 3-year absence.
They finally managed to score their first ever top flight points on the opening fixture of the new Gibraltar Premier Division season, after an 2–1 victory over Mons Calpe.
In August 2019, the club withdrew from senior football, with club owners citing heavy losses in recent years and a lack of success in selling the club to potential investors as the main reasons to cease operations.[1]