Founded on 5 July 1939, it currently plays in Segunda División, the second tier of Spanish football, holding home matches at Estadio Carlos Belmonte, with a capacity of 17,524.

In 1989, Benito Floro consecutively promoted the club from the third division to La Liga, overachieving for a seventh place in the first season in the top level.

After years in the second division facing serious economic and sporting difficulties, Albacete returned to the top flight in the 2002–03 campaign, led by César Ferrando (later of Atlético Madrid).

[5] In March 2013, Agustín Lázaro, chief executive officer (CEO) of Andrés Iniesta's winery enterprise, was appointed as Albacete's chairman.

Albacete were promoted to Segunda in the 2021–22 Primera RFEF season playoffs, after defeating Deportivo de La Coruña at the Estadio Riazor.

Last updated: 20 November 2024Source: Albacete Balompié (in Spanish) The club plays its home matches at the Estadio Carlos Belmonte, which has an all-seated capacity of 17,524.