After the bankruptcy of Colo-Colo in 2001, the club was dissolved because of the financial requirements that the team needed, despite the sport's success.

Founded in 1937, with the reserve team of Colo-Colo, playing in the Serie B, the former Chilean second division, was immediately dissolved due to financial problems of that level, but however, was re-established in 1999, under the name of Colo-Colo Junior, where players like Sebastián González, Luis Ignacio Quinteros become stars with the passing of time, being champions after with the club.

Despite the sport success, the club again was dissolved, now due to the financial problems of Colo-Colo, that led the team to bankruptcy.

After of the approval of the Segunda División on 23 November 2011,[1] and the confirmation on 21 February of the next year,[3] the club debuted against Rangers B at the Estadio Fiscal de Talca, in a 1–0 defeat with a goal of Eduardo Saldaña in the 83rd minute.

Colo-Colo's stadium, Estadio Monumental David Arellano, is located in Macul, Santiago and has a 45,953 capacity.