Founded in 1928, it plays in Primera Federación – Group 2, holding home games in Estadio El Collao, with a capacity of 4,850 seats.

In the 2005–06 season, the team also had a good run in the Spanish Cup, beating RCD Mallorca 4–1 and losing by just one goal (0–1) in the fourth round against Atlético Madrid.

In June 2011, 42 years after, Alcoyano finally returned to the second division, after finishing in third position in the regular season, and disposing of Real Madrid Castilla, SD Eibar and CD Lugo in the promotion playoffs.

[9] On 1 August 2014, the club completed the transformation process into "Public Limited Sports Company" (Sociedad Anónima Deportiva).

[10] On 20 January 2021, Alcoyano made history by eliminating Spanish giants and reigning La Liga champions Real Madrid from the 2020–21 Copa del Rey, beating them 2–1 at home.