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Financial turmoil and worker strikes led to a quick demise of the team and in 1913, its successor emerged, Philips Sport Vereniging, founded on 31 August.
After winning the district league in 1929, PSV entered the championship play-offs.
In the following three years, PSV won the district league every year, but it could not win the play-offs until 1935.
In 1950, PSV got its first post-war success when the team defeated HFC Haarlem in the KNVB Cup final; the match ended in 4–3 after extra-time.
In 1955, PSV became the first Dutch club to enter the European Champion Clubs' Cup.
In 1962, Otten also decided to quit as chairman of the sports union.
In the 1962–63 season, marking PSV's 50-year anniversary, the club appointed Bram Appel as the new coach.
PSV also won the league for the fifth time in 1975. It led to a Dutch cup victory in 1974, and after a blistering season start (no defeats in the first season half) and 28 goals by Van der Kuijlen.
PSV also won the league for the fifth time in 1975.
A clash between Van der Kuijlen and Libregts led to the former's departure in 1982 after nearly 18 seasons at the club.
Gullit, who quickly was appointed as captain, contributed to the team that headed the league table for the majority of the 1985–86 Eredivisie and claimed the title after an 8–2 win against Go Ahead Eagles.
Being unhappy with his personal development, Gullit heavily criticized PSV and Kraay in a March 1987 interview.
The 1988–89 season again resulted in the double: Hiddink's squad won the title (albeit with less dominance than the year before) and PSV beat Groningen in the cup final.
After a first season with 19 league goals, his hat-trick in the November 1989 match against Steaua București (5–1) – including a memorable solo effort – was his big breakthrough.
In 1993, Romário was transferred to Barcelona.
Early in the 1994–95 season, De Mos was fired and replaced by Dick Advocaat (after Kees Rijvers temporarily took over). PSV saw Van Breukelen retiring and signed Luc Nilis in 1994, who formed a powerful duo with another signing, the 17-year-old Ronaldo.
In the 1996–97 season, when Harry van Raaij became chairman, Advocaat had created a team with players like Phillip Cocu, Jaap Stam, Boudewijn Zenden and Wim Jonk.
That season, PSV won the cup after a 5–2 win against Sparta Rotterdam. It led to the Eredivisie title, with Nilis becoming league top goalscorer (21 goals). In the 1997–98 season, the team came in second behind Ajax in both league and cup.
The 2000–01 Eredivisie was also won with new striker Mateja Kežman, who replaced Van Nistelrooy and the departed Nilis.
After Van Nistelrooy left, PSV ended second in the 2001–02 season and were eliminated in the UEFA Cup quarter-finals by Feyenoord.
In 2004, the PSV board clashed with Hiddink and Van Raaij concerning the expenditures.
After the 2004–05 season, Van Bommel, Vogel, Park and Lee left.
During the 2006–07 season, league leaders PSV squandered a 12-point lead, enabling AZ and Ajax to equal their 72 points before the last round.
In the 2007–08 season, after Cocu and Alex left, the team was disqualified from the KNVB Cup after fielding a suspended Manuel da Costa.
Huub Stevens returned as coach in 2008, but disappointing performances and clashes between Stevens and the squad resulted in his resignation six months later.
With Rutten as coach, PSV beat Feyenoord 10–0 in a home game on 24 October 2010, a historical win and Feyenoord's heaviest defeat in their club history.
But in the 2011–12 season, the team dropped out of the title race early again, which led to Rutten's dismissal.
For the 2012–13 season, Dick Advocaat returned as head coach, while Mark van Bommel returned from Milan.
In 2013, Cocu was appointed as head coach.
On 18 April 2015, PSV won the Eredivisie after a 4–1 win over Heerenveen.
PSV defended their league title in 2016 owing to a 1–1 draw between Ajax (who led the table prior to this day on goal difference) and 17th-placed De Graafschap in the last game of the season.
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