After an acceptable second season in 1986, where relegation was not a huge threat, they were renamed Caracas FC when RCTV bought part of them and had joint leadership with Yamaha.

Reaching the last set of games in the eight-team tournament, they needed a place in the top two in order to qualify for the Copa Libertadores and compete on an international level.

Two years later in the 1991–92 season, under manager Manuel Plasencia, who had stayed through the turmoil, Caracas FC won their first national championship.

It is also worth noting that during this time Caracas FC won the Copa de Venezuela twice, though historically that competition has been marked by instability and anonymity.

However, the 1999 season saw Caracas FC reach the semi-finals of the Copa Merconorte, their greatest success to date in international competition.

Under Ceferino Bencomo, Caracas FC won its eleventh national championship title defeating arch-rival Deportivo Táchira in a two game final.

It has an official capacity of 12,000 people; however, there have been crowds of 20,000 spectators in games against Deportivo Táchira (their historical rival), São Paulo and other teams.

Recently Caracas Fútbol Club has played at the Estadio Olímpico de la UCV which has a maximum capacity of 30,000 spectators.

Since the 2007–08 season the Estadio Olímpico de la UCV will be used as the temporary home ground because of the expansion and redesign of Cocodrilos Sports Park which is being used as a training facility in the meantime.