Mauro "El Turco" Granados, Simón Reyes, Paulino Cáceres, Pablo Rubio, Rodolfo Guzmán, Carlos Villalta, Carlos Juárez, René Pantoja, Luis Ávila, Chico Osorio, Juan Guevara, Chico Ruíz and Timoteo Hernández were the original members of the team.

Luciano Suárez, Manuel Díaz, Camilo Bonilla and Carlos Edgar Villareal played for Balboa in this period.

Brizuela was soon replaced by Argentine-Italian Carlos Barone whose team's last four games almost got them relegated but in the end Dragón had a poorer record.

The team, including Colombian player Henry Vargas did not participate in the UNCAF tournament due to losing a playoff to C.D.

[3] On June 18, 2024 Atletico Balboa announced due to lack of financial support the club would be selling their spot in the Segunda Division.

Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply.

Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply.

Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply.