The stadium was inaugurated on July 22, 1928, and became the home ground of Corinthians in the beginning of the 1940s, when Estádio do Pacaembu was built.

In 1963, the stadium was one of the 1963 Pan American Games venues, hosted in São Paulo city.

Due to Fazendinha's low capacity, Corinthians has been playing in Pacaembu Stadium since the 1950s.

During a short time, Campeonato Paulista and Copa do Brasil matches were again played at the stadium as result of a reformation done in 1992 that grew its capacity.

The stadium's attendance record currently stands at 27,384, set on November 4, 1962 when Santos beat Corinthians 2–1.