1932 was to become a historic year in the annuals of the GAA. At the beginning of the year there were a total of six clubs in existence. The West Tyrone Convention was held on 7th January 1932 and it was decided that a public meeting would be held in Fintona to promote a reorganisation scheme, This meeting was held on 3rd February 1932. An advertisement for the meeting contained the following words of Cardinal McCrory "I put it to the young men of Ireland that the Gaelic games have a special claim upon us as being our own, I hope the games of the Gael will be ardently taken up and pursued."

These efforts to promote the establishment of the GAA were very successful in that by the end of the year 1932, twenty-eight clubs has been formed. One of these clubs was Greencastle who played under the title Greencastle Erin's Hope.
The club was formed at a meeting in Greencastle Parochial Hall on Monday 14th November 1932. The report of the meeting in the Ulster Herald of the 19th November 1932 states that an enthusiastic meeting was held in St. Patrick's Hall on Monday night. A large number of representatives met to discuss the formation of a Parish Club. It was decided to enter a club in the next Junior League. The officers elected were:

President Rev. H. McCauley C.C.
Vice President Rev. P. McGeown P.P.
Treasurer Mr. E.V. McCullagh
Secretary Mr. Maurice Rodgers PET.

A number of friendly matches were to be arranged for the near future.

However during the summer of 1932 some football was already being played. Greencastle played Dunamore, who were playing in the East Tyrone League in 1932 in a challenge game and had also played in a seven-a-side Tournament in Loughmacrory. It seems that Greencastle won that competition in Loughmacrory. AFter the formation of the club, the first challenge game appears to have been against Killyclogher on the 8th December at Greencastle. The final score was Greencastle 8pts. Killyclogher 3pts. The match report states that there was a large attendance of spectators. Referee for that match was Rev. M. Collins C.C. Killyclogher who was a few years earlier Curate in Crock. Fr. Collins along with Fr. James McGilligan C.C. Carrickmore and Fr. Thomas Bradley C.C. Newtownstewart were the main driving force behind the development of so many clubs in the early 1930's. Fr. Malachy Morris played with Killyclogher in 1932 and P.J. McCullagh played with Dunamore in that year and it is propably for that reason Greencastle's first challenge games were against Dunamore and Killyclogher.

The first competitive match was against Carrickmore II in the Junior Championship. This match was played at Carrickmore. M. Morris had the privilege of scoring the first point in competitive football. In the first half Hugh McDermott scored a goal leaving the half time score Greencastle 1-02 Carrickmore 0-00. In the second-half with the win in their favour, Carrickmore pressed strongly and scored 1 goal and 2 points. However a point from E. McCullagh and a goal from a free by Malachy Morris left Greencastle winners on a final score of 2-03 to Carrickmore's 1-02.

The Greencastle team was listed as follows: J. Bradley; J. Clarke; P.J. McCullagh; P. Donnelly; F. Quinn; Peter McCullagh; Pat McCrory; Mick Morris; Malachy Morris; E. McCullagh; Anthony McAleer; Hugh McDermott; John Morris

On the 18th December what would have been the County Convention was held in St. Patrick's Hall, Dungannon. Over 300 delegates attended and among that attendence were representatives from Greencastle. At that convention Fr. M. Collins was elected Honorary President of the Board.

A return challenge game between Killyclogher and Greencastle was played on 31st December at Killyclogher. Reports of this march give the impression that there may have been a little "needle" creeping in. The reporter felt that is had the competitiveness of a championship match. He also suggested that "fast, clever, designing, beautiful team-work of the pattern-weaving type, it is this that delightes the crowd and is football brought to a fine art." The end result was that Killyclogher won by 0-12 to 0-11.

On the 19 February 1933 a league game was played at Greencastle against Fintona. This resulted in a win on the score of 0-08 to 0-00 to Greencastle.

The emphasis around the early 30's was apparently on encouraging the spread of the game and helping new club's etc. A letter to the Ulster Herald in February 1933 is devoted to this line. The write asks that experienced teams should not pile on the agony against an interior team when they get on top by building up a huge score. The editor agrees with this thinking and suggests that when a team gets on top and have a safe score, they should relax lest they discourage a young and weaker team.

On the 29th March 1933 at the monthly meeting of the West Tyrone Board, it was found necessary to appoint a temporary Secretary due to the impending absence for several months of the appointed Secretary. Malachy Morris from Cashel was appointed to this position. Malachy held this position until the end of the 1934 season.

Players registered on 15th March 1933 were as follows: Malachy McAleer, Leo McAleer, Patrick A. Donnelly, Peter McCullagh, Francis Morris, Joseph Morris, Patrick J. McCullagh, Gerard McCullagh, Edward McCullagh, Stanley McCullagh, Joseph K. Bradley, Maurice Rodgers, Francis McAleer, Patrick Daly, Charles Conway, Charles Deery, Charles Keenan, Patrick McKeown, Charles Conway, John Fox, Stephen Fox, Malachy Morris, Brendan Morris, Joseph McCullagh, Francis Quinn, Patrick Clarke, John Bradley, James Clarke, Hugh McDermott, Peter McCullagh, Francis Conway, Hugh Conway, Peter Conway.

A further list registered on the 23 April 1933 was as follows: Patrick Loughran, Mick Loughran, Francis Anthony, Peter McCrory, Gerald McCrory, Patrick McCrory, Pat McKenna, Con McKenna, John Michael Loughran, Francis Conway, Paddy Devlin, Charles Quinn, Patrick Dorrian, Samuel McCann, Patrick McKenna, Hugh Conway. Frank Conway.

The colours registered were claret and amber.

The first championship campaign ended on 30 April 1933 when Tattyreagh defeated Greencastle at Tattyreagh by 2-03 to 0-00. This was the quarter-final stage of the West Tyrone Championship and it was a replay. Reports of that game state that the team played well until the vicinity of the goals and nerves seemed to play a big part. The team for that game was J. Bradley, P. McCullagh, J. Clarke, M. Morris, P. McCrory, A. McAleer, M. Morris and P. McCullagh.