The stadium was opened in May 1965 with a friendly match between Olimpia and Santos FC of Brazil, whose team included Pelé.

During the game, one of the fences supporting the crowd in the stands broke, and many people were injured.

As soon as the incident happened, Pelé ran and jumped over the fence to help the injured people.

[citation needed] Only minor injuries occurred, and the match proceeded, ending in a 2–2 draw.

A completely new stadium will be built on the original site for the purpose of hosting one of the centenary matches of the 2030 FIFA World Cup.