The stadium is by the famous Venezuelan architect Carlos Raúl Villanueva was inaugurated under the leadership of the military junta in 1948 to mark the 1951 Bolivarian Games. Significantly, this stadium has hosted major events such as the Copa Libertadores, the 1983 Pan American Games and the South American qualifiers for the World Cup, the former Merconorte Cup and matches of the Copa America, both the match the end of the 3rd. since the 2007 Copa America and the Grand Final of the 1975 Copa America. There have been several important football teams that have played at this stadium, such as the F.C. Internazionale Milano, A.C. Milan, Di Stéfano's Real Madrid, Lev Yashin´s USSR, and also Maradona with Argentina and Pelé with Brazil and the Santos FC.