It is named after the former Argentine president Juan Perón[3] who loaned the club $1.5 million during the late 1940s to help build the stadium.

The stadium is owned and operated by local club Instituto A.C.C..[4] In 1946, under the presidency of General Juan Perón, the National Congress promulgated Law No.

12,931 in which article 23 authorized the National Executive power to dispose of the sum of $20,000,000 to grant subsidies for the construction of stadiums for social and sports clubs throughout the country.

[5] In Córdoba, Instituto was the only institution that requested to take advantage of the benefits of that provision, as had previously been done by clubs Racing and Huracán of Buenos Aires.

Fortunately, the debt of that loan was canceled on October 9, 1959 (41 years before the expected payment term), through Decree Law No.