See also simple:Deportivo Italia (1948-2010) The team was founded in August 1948 by a group of Italian immigrants: Carlo Pescifeltri, Lorenzo Tommasi, Bruno Bianchi, Giordano Valentini, Samuel Rovatti, Angelo Bragaglia, Giovanni di Stefano, Alfredo Giuseppe Pane and Sacchi.

Indeed, the arrival in Venezuela of hundreds of thousands of Europeans after the Second World War became a reason, among other things, in creating football teams for the different "colonies" of immigrants.

But in 1958 began – thanks to the "D'Ambrosio management" – the golden age of the team, which lasted until the late seventies: between 1961 and 1972, every year Deportivo Italia won an award nationally and/or internationally.

This fact meant a great responsibility for the Deportivo Italia and Mino D'Ambrosio hired three reinforcements: Brazilians Roberto from the Fluminense (who was a central defender), Zequinha (good right back who came from Botafogo) and striker Ferreira from Madureira FC.

So the first Venezuelan goal in the Libertadores Cup was scored by Jaime (left wing of Deportivo Italia on 7 April 1964, in the Olympic Stadium in Caracas and in front of 18,000 people, at the 52-minute of the match).

[6] The Caracas daily El Universal wrote that: ... the night of 3 March 1971 will never be forgotten by the fans of Fluminense, who followed on radio and television the match against Deportivo Italia.

That fateful night, Deportivo Italia achieved the victory more enjoyable in the Venezuelan national football history, winning in the largest stadium in the world the Champion of Brazil..

At the defence there were Carlos "Chiquichagua" Marín, Tenorio, Vincente Arrud and Freddie Elie, while as midfielders Delman "Pito" Useche, Negri and Rui.

In July 1996, the Italo-venezuelan team suffered a severe economic crisis and gave the franchise through a bilateral agreement with the Mayor of Chacao Municipality in Caracas.

Later, the Mayor of Chacao Irene Sáez and the President of Deportivo Italia, Mr. Eligio Restifo, through the intervention of Mr. Jaime Meier and Brazil's Sports Minister (Mr Edson Arantes Do Nascimento – Pelé -), entered into discussions with executives of Parmalat in São Paulo.

Later in the season 1999–2000, the Italchacao was runner-up in the National Championship, winning back the right to represent Venezuela in the "Pre-Libertadores" 2000 tournament against Mexican clubs.

In the group B of the 2001 Copa Merconorte, there were the following results: Among the players who have passed through its ranks since the nineties until today worth mentioning, there are (among others) Manuel Sanhouse, Gilberto Angelucci, Ailton Da Silva, Rogerio Pereira, Ruben Forestello, Giovanni Perez, Héctor Pablo Bidoglio, Rubén Yori, Emilio Renteria Alejandro Cichero and Félix José Hernández.

In 2008, with manager Eduardo Saragó, Deportivo Italia won the "Torneo Apertura", beating Aragua FC (0–2) on 30 November, and this victory qualified the "Azules" for the 2010 Copa Libertadores.

As "Deportivo Italchacao" it was eliminated in the preliminary matches of the Torneo Pre-Libertadores in 2000 and 2001, against Mexican teams (Atlante, CF America, Atlas, Cruz Azul) in Mexico City and Guadalajara[14] Only in the 2010 Copa Libertadores[15] the Italo-venezuelan team (again with the original name "Deportivo Italia") was able to reach the preliminary stage of this CONMEBOL Copa.