State champions 1968.

In July 1966, the club's management entrusted the management of the Red Star first team to Miljan Miljanić. That same year, in the summer transfer window, the famous Kostić, Durković, Šekularac, and Karasi left the club. On the other hand, Lazarević, Racić, Matić, the younger Milić, and Aleksić arrived. A contract was signed with 31 players. Miljanić gradually created his own team, and a group of football players from Red Star's youth team matured for new feats. Miljanić subjected all of them to a strict professional regime and intense training.

After the first five rounds of the 1967/68 season, when the third double crown was won, although it was not defeated Crvena Zvezda was second with seven points. At the end of the autumn part of the championship, we were also in second place, because Željezničar had a point advantage. That season, the spring, like many years later, was completely dominated by Red Star players, who were then led by Dragan Đajić, the best left winger in the world. Only three matches were lost in the championship, because the eternal rival recorded a minimal victory after five years of fasting, and we lost to Dinamo and Proleter with 2:0 each. The most convincing victories of our club were OFK Beograd (6:0), Olimpija and Maribor (6:1).

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Miljanić launched a young team in Red Star, introducing an original way of playing. A playing staff was formed with sufficiently high-quality football players, who were technically, tactically and physically prepared for the greatest efforts. Statisticians that season stated the following facts about Red Star: the best team of the spring, the most efficient in the championship and the only one that won more than 50 percent of possible points on the road.

In the end, second-placed Partizan was left five points behind, while Red Star's final record was 16 wins, 11 draws and three losses. The goal difference was 64:30 and a total of 43 points won. With Miljanić on the bench, Džajić and his teammates on the pitch, Red Star became the sovereign ruler of Yugoslav football in the late 1960s.