The Real Potosi was founded on April 1, 1986, as Fútbol Academy of Real Potosi. Subsequently merged with Banco Minero former club (Bamin) of Bolivia, which was founded in October 20, 1941, and took the name Bamin Real Potosi.
Since 1998 dispute First Division - Professional Era. In 2007, became champion of the Apertura tournament. The following year he won the Copa Aerosur del Surand Torneo "Play Off".
The following year Cruzeiro and Boca Juniors played against Real Potosi in Copa Libertadores, and in the 2009 Libertadores Palmeiras eliminated the Bolivia team still in the first phase, with two victories.
The Estadio Agustín Víctor Ugarte, also known as Mario Mercado Vaca Guzman Stadium, is a Bolivianfootball stadium located in Potosí. It is the home of Real Potosi and seats 35,000 fans.
Located 3,960 meters above sea level, the stadium is the highest in the world. It has raised numerous controversies in footballing circles, as its significant altitude affects the absorption of oxygen in the human body, offering considerable advantage to the home team who are more accustomed to such conditions.