Demise
Hungary continued to dominate international football; between July 1954 and February 1956, Hungary played a further 19 games, winning 16, drawing 3 and losing none.
Despite this, manager Sebes was sacked in June 1956, and was replaced by Márton Bukovi; however, Sebes remained President of the Hungarian Olympic Committee from 1948 to 1960, and was also Vice President of UEFA from 1954 to 1960. He also managed several Hungarian clubs in the 1960s (Ujpesti Dozsa, Budapest Honvéd FC and Diosgyori VTK) with moderate success.
The majority of the team played for Budapest Honvéd, who entered the 1956–57 European Cup and were drawn against Athletic Bilbao in the first round. Honvéd lost the away leg 2–3, but before the home leg could be played, the Hungarian Revolution erupted in Budapest. The players decided against going back to Hungary and arranged for the return with Athletic to be played at Heysel Stadium in Brussels, Belgium. Honvéd were eliminated 6–5 on aggregate, and the Hungarian players were left in limbo. They summoned their families from Budapest, and despite opposition from FIFA and the Hungarian football authorities, they organised a fundraising tour of Italy, Portugal, Spain, and Brazil. After returning to Europe, the players parted ways.
Kocsis and Czibor moved to Spain to play for Barcelona.
Puskás emigrated to Spain to play for Real Madrid.
Hidegkuti returned to Hungary as a player and later became manager of MTK Budapest FC before emigrating to successfully manage clubs in Italy, Poland and Egypt.
Bozsik also returned in Hungary, becoming the manager of several Hungarian teams.
Read more about this topic: Golden Team