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In the postwar period after the Dayton agreement was signed, Arkan returned to his interests in sport and private business.
The Serb Volunteer Guard was officially disbanded in April 1996 with the threat to be reactivated in case of war emergency.
In June of that year he took over a second division soccer team FK Obilić which he soon turned into a top caliber club, even winning the 1997 / 98 Yugoslav league championship.
According to a book by Franklin Foer, How Football Explains the World: An Unlikely Theory of Globalization, Arkan threatened players on opposing teams if they scored against Obilić.

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