The Olsen Gang

The new coach turned out to be the former national team captain from the successful team of the 1980s, Morten Olsen, and the team was quickly dubbed the "Olsen Gang", a reference to the series of Danish movies based around the main character Egon Olsen and his genius (criminal) plans. The nickname was also used for the Danish team when Olsen captained it. Under Olsen, who brought with him great experience from among others Ajax Amsterdam, Denmark's tactics shifted to an even more attacking style, with an emphasis on the speedy wingers available to him at the time, namely Jesper Grønkjær and Dennis Rommedahl, and Olsen stressed the importance of only using fit and on-form players in the team - a principle that he's later been forced to go back on somewhat, as the player material available in such a relatively small nation doesn't always provide many realistic options.

Denmark qualified both for the 2002 FIFA World Cup and the Euro 2004, but despite impressive results in the group stage in both tournaments, especially the 2–0 win against reigning World Cup winners France in 2002, Denmark were defeated in the first post-group stage round in both tournaments. The Euro 2004 will be best remembered for an incident in the game with Italy, where Italian star Francesco Totti was caught on camera by a Danish cameraman, spitting on Danish player Christian Poulsen, and the joint elimination of Italy by Denmark and Sweden in the last group stage match when the two teams drew 2–2 following a Swedish goal in the 89th minute, making for the exact and famous result that would see the Italians eliminated.

Olsen's reign of the Danish national team has been the most successful in the time of professional coaches. As of March 2006, Morten Olsen has a winning share of 58,7%, and with three points for a victory and one for a draw, Olsen has an average of 2,03 points per game. In comparison, Richard Møller Nielsen had a 54,8% winning share and a 1,89 point average, and especially Olsen's attitude of taking every friendly match seriously has led to many good results, one notable example being a friendly 4–1 win over England in 2005, the worst loss for the English team since 1980 and a repetition of the impressive Danish 3–2 win on English ground at Old Trafford in 2003.

For the 2006 World Cup qualification, Denmark was paired with, among others, 2002 World Cup bronze winners Turkey and Euro 2004 champions Greece competing for only one guaranteed spot at the final tournament. Following a poor start of the qualification, Denmark were trailing both Turkey and surprise leaders Ukraine. Denmark needed Turkey to lose points in the final games in order for Denmark to clinch the 2nd place of the group and one last chance to qualify via two play-off games. Indeed, had Turkey lost points to Albania in their last game, Denmark would have gone through, but instead they had to settle for 3rd place in the group and a longer summer break.

After failing to qualify for the 2006 FIFA World Cup, coach Olsen considered leaving the job, having received several offers from club teams, but decided to stay and extended his contract until after the 2010 FIFA World Cup, spurred on by his and the team's popularity among the Danish population.

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1992 European Champions

Denmark's finest hour in the international competitions came in the Euro 1992. The Danes initially failed to qualify, as they trailed Yugoslavia in their qualifying group. Michael Laudrup, the star of the team, decided to quit the national team during the qualification matches, following tactical differences with Coach Nielsen. However, due to international sanctions resulting from the Yugoslav wars, Yugoslavia was barred from the tournament, and Denmark entered as the second-placed team in its group.

Relying heavily on goalkeeper Peter Schmeichel and his defense, as well as creative spark Brian Laudrup, the Danish team created one of the biggest surprises in the event's history, as they went on to win the European Championship trophy under coach Richard Møller Nielsen's defensive playing style. Advancing from the group stage ahead of England and France, Denmark beat the Dutch defending Euro 1988 champions on penalties in the semi-final, and with the 2–0 win against reigning 1990 FIFA World Cup champions Germany in the final, Denmark had won its first trophy.

The new coach was the sympathetic Swede Bo "Bosse" Johansson, who gave the team a more offensive strategy, and the 1998 FIFA World Cup saw the revival of the Danish team, starring both Laudrup brothers in their last international campaign. After beating Saudi Arabia 1–0, drawing with South Africa and losing 2–1 to later champions France in mediocre games the Danish team qualified to the knockout stages as second in the group. In the next game however Denmark played some of the best football of the tournament beating Nigeria 4–1 and thus qualified to the quarterfinals against Brazil. The Danes went out with a beautiful 2–3 defeat to the later silver medalists in a very close and emotional game. Following yet another disappointing European Championship in the Euro 2000, with many players selected for the squad despite injuries and poor form, "Bosse" decided not to prolong his contract.

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Danish Dynamite

In the 1982 FIFA World Cup qualifiers, Denmark finished with 8 points from as many games, including a 3–1 win against eventual World Cup champions Italy, but Denmark failed to qualify for the final tournament despite the impressive result. Qualification for the Euro 1984 saw the team beat England at Wembley Stadium when Allan Simonsen converted a penalty kick for a 1–0 win. Denmark qualified for their first international tournament since 1964, and the team was dubbed "Danish Dynamite" in a competition for the official Danish Euro 1984 song. Denmark's participation ended in the semi-final when the team lost on penalties to Spain, most remembered for Preben Elkjær's penalty miss, his shorts torn apart. Following the strong performance at the finals, the name of "Danish Dynamite" became a mainstay for the following decade of Danish national team football under coach Piontek.
The Danish team at the 1912 Summer Olympics.

Denmark made their first World Cup appearance in the 1986 FIFA World Cup, and with the attacking duo of Michael Laudrup and Preben Elkjær the team surprised the world, sweeping the group, including a 6–1 thrashing of Uruguay. In the second round Denmark once again faced Spain, and once more Denmark lost out. The team received a trashing of their own, losing 5–1, including four goals by Emilio Butragueño. The first Spanish goal was caused by a miss-timed backpass by Jesper Olsen to Butragueño, an unfortunate action subsequently coined as "a real Jesper Olsen" (en rigtig Jesper Olsen). The phrase would live on for 13 years when an identical backpass was carried out by Jesper Grønkjær to Filippo Inzaghi in Grønkjær's 1999 debut game.

After the glory days of 1986 came a period of transition with faltering results. The Euro 1988 tournament ended in early defeat as Denmark lost the group games to Spain, Germany, and Italy. When Denmark failed to qualify for the 1990 FIFA World Cup Sepp Piontek was replaced by his assistant coach.

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