After the 2008 season Pallokerho-35 decided to move its men's and women's first teams to the commuter town of Vantaa, where they will play at ISS Stadion in Myyrmäki. Those teams will be run by a new association and compete with the name PK-35 Vantaa. Pallokerho-35 and its other teams (juniors) will stay in Helsinki under PK-35 ry (main club).
The club suffered serious financial problems in its final years. Sitting bottom of the 2016 Veikkausliiga, the club were docked 6 points and manager Shefki Kuqi left to join Inter Turku. The club were relegated at the end of the season but did not apply for a licence to play in the 2017 Ykkönen and ceased operations. The club's name continues however as the club which split from the PK-35 organisation when it was renamed FC Jokerit still play in the Helsinki area Kolmonen division (4th tier). The club's women's team also continues to use the name and still plays in Myyrmäki - they finished top of the Naisten Liiga in 2018.
The women's football section was founded in 1982. The team won the Naisten Liiga for the first time in 2010 in their debut in the championship; they had been promoted after winning the second-tier Naisten Ykkönen in 2009. They thus made their UEFA Champions League debut in the 2011–12 season, where they were knocked out by Rayo Vallecano in the Round of 32.
PK-35 subsequently consolidated itself as the new leading Finnish team, winning both the Naisten Liiga and the national cup in 2011 and 2012.