| Club: | Pegasus 2019–20 season |
| Stadium: | Hong Kong Stadium |
| League: | Premier League |
| League Result: | Withdrew |
| Cup1: | Senior Shield |
| Cup1 Result: | Quarter-finals |
| Cup2: | FA Cup |
| Cup2 Result: | Semi-finals |
| Cup3: | Sapling Cup |
| Cup3 Result: | Group Stage |
| Ownertitle: | President |
| Owner: | Steven Lo |
| Chairman: | Torres Chee |
| Mgrtitle: | Manager |
| Manager: | Man Pei Tak |
| League Topscorer: | Charles Lokolingoy (4 goals) |
| Season Topscorer: | Jean Moser (7 goals) |
| Highest Attendance: | 747 (vs Kitchee, 16 January 2020) |
| Lowest Attendance: | 363 (vs Yuen Long, 25 November 2019) |
| Average Attendance: | 551 |
| Pattern B1: | _striped19yellow |
| Pattern Sh1: | _striped19yellow |
| Pattern So1: | _adidasfootball3blackstripes |
| Leftarm1: | FFFF00 |
| Body1: | FFFF00 |
| Rightarm1: | FFFF00 |
| Shorts1: | FFFF00 |
| Socks1: | FFFF00 |
| Pattern La2: | _adidastiro19w |
| Pattern B2: | _adidastiro19w |
| Pattern Ra2: | _adidastiro19w |
| Pattern Sh2: | _rosenborg19h |
| Pattern So2: | _adidasfootball3blackstripes |
| Prevseason: | 2018–19 |
| Nextseason: | 2020–21 |
The 2019–20 season is Pegasus's 12th season in the top-tier division in Hong Kong football. Pegasus will compete in the Premier League, Senior Challenge Shield, FA Cup and Sapling Cup this season. However, due to the 2020 coronavirus pandemic in Hong Kong, Pegasus announced their withdrawal from the remaining matches this season in April 2020.
As of 21 March 2020 FP FP FP FP (on loan from Eastern) FP
Remarks:
LP These players are registered as local players in Hong Kong domestic football competitions.
FP These players are registered as foreign players.
| Date from | Position | Nationality | Name | From | Fee | Ref. | |
|---|---|---|---|---|---|---|---|
| 16 July 2019 | GK |  | Law King Hei | Freemen FC | Free | ||
| 16 July 2019 | DF | | Lui Man Tik | Dreams FC | Free | ||
| 16 July 2019 | DF |  | Michael Glassock | Central Coast Mariners U-21 | Free | ||
| 16 July 2019 | DF | | Chan Pak Hang | Yuen Long | Free | ||
| 16 July 2019 | DF | | Yim Kai Wa | Yuen Long | Free | ||
| 16 July 2019 | DF | | Tsang Kin Fong |  Råslätts SK | Free | ||
| 16 July 2019 | MF | | Kwok Tsz Kaai | Yuen Long | Free | ||
| 16 July 2019 | MF | | Chan Hiu Fung | Tai Po | Free | ||
| 16 July 2019 | MF | | Chiu Wan Chun | Youth team | Free | ||
| 16 July 2019 | MF |  | Marcos Gondra | Dreams FC | Free | ||
| 16 July 2019 | FW | | Jorge Ortí | CD Teruel | Free | ||
| 16 July 2019 | FW | | Lee Oi Hin | Yuen Long | Free | ||
| 8 August 2019 | FW | | Charles Lokolingoy | Sutherland Sharks | Free | ||
| 2 September 2019 | DF | | Chan Wai Ho | Dreams FC | Free | ||
| 18 October 2019 | MF |  | Gabriel Méndez |  L.D.U. Portoviejo | Free | ||
| 18 October 2019 | MF | | Yau Ka Wai | Leaper St. Joseph's | Free | ||
| 13 January 2020 | FW |  | Mahama Awal | Free agent | Free | ||
| February 2020 | FW | | Kiranbir Singh | Icanfield | Free |
| Date from | Position | Nationality | Name | To | Fee | Ref. | |
|---|---|---|---|---|---|---|---|
| 1 July 2019 | GK | | Ng Chun Fat | Wong Tai Sin | Released | ||
| 1 July 2019 | DF | | Cheung Kwok Ming | Shatin | Released | ||
| 1 July 2019 | DF | | Siu Ka Ming | North District | Released | ||
| 1 July 2019 | DF | | Jack Sealy | Southern | Released | ||
| 1 July 2019 | DF | Rosen Kolev | FC Dunav Ruse | Released | |||
| 1 July 2019 | DF | | Tsang Chi Hau | Eastern | End of loan | ||
| 1 July 2019 | FW | | Mahama Awal | Released | |||
| 1 July 2019 | MF | | Eugene Mbome | Tai Po | Released | ||
| 1 July 2019 | MF | | Wu Chun Ming | Eastern | Released | ||
| 1 July 2019 | FW | | Yuen Chun Sing | Kitchee | Released | ||
| 1 July 2019 | FW | | Travis Major | Southern | Released | ||
| 1 July 2019 | FW | | Paul Ngue | Released | |||
| August 2019 | MF | | Chow Wing Hin | Yau Tsim Mong | Released | ||
| 18 October 2019 | FW | | Jorge Ortí | Released | |||
| 6 November 2019 | GK | | Zhang Chunhui | Released | |||
| 17 December 2019 | MF | | Gabriel Méndez | Southern | Released | ||
| 22 December 2019 | FW | | Charles Lokolingoy | Sydney Olympic FC | Released | ||
| 6 January 2020 | MF | | Marcos Gondra | Gernika Club | Released | ||
| 8 April 2020 | DF | | Michael Glassock | Released | |||
| 8 April 2020 | MF |  | David Lazari | Released | |||
| 8 April 2020 | FW | | Mahama Awal | Released | |||
| 8 April 2020 | FW |  | Shu Sasaki | Southern | Released | ||
| April 2020 | DF | | Chan Wai Ho | Retired | Released | ||
| 6 June 2020 | FW | | Chan Siu Ki | Retired | Released | ||
| 1 July 2020 | DF | | Cheung Chi Yung | Released | |||
| 1 July 2020 | MF | | Wong Chun Ho | Lee Man | Released | ||
| 1 July 2020 | MF | | Chang Hei Yin | Lee Man | Released |
| Start Date | End Date | Position | Nationality | Name | From Club | Fee | Ref. | |
|---|---|---|---|---|---|---|---|---|
| 26 July 2019 | 13 January 2020 | MF | | Yiu Ho Ming | Eastern | Undisclosed | ||
| 2 January 2020 | 8 April 2020 | FW | | Jean Moser | Eastern | Undisclosed |
| Start Date | End Date | Position | Nationality | Name | To Club | Fee | Ref. | |
|---|---|---|---|---|---|---|---|---|
| 26 July 2019 | 30 June 2020 | FW | | Lau Chi Lok | Rangers | Undisclosed | ||
| 8 August 2019 | 30 June 2020 | FW | | Juninho | Yuen Long | Undisclosed |
| Position | Staff | |
|---|---|---|
| Head coach | Man Pei Tak | |
| Assistant coach | Chan Wai Ho | |
| Assistant coach | Wong Tsz Fung | |
| Assistant coach | Sin Ka Yu | |
| Assistant coach | Chu Wai Lam | |
| Team manager | Thomas Ng |
See main article: 2019–20 Hong Kong Premier League.
See main article: 2019–20 Hong Kong Senior Challenge Shield.
See main article: 2019–20 Hong Kong Sapling Cup.
See main article: 2019–20 Hong Kong FA Cup.