It currently hosts football matches and is the home of Primera Division club Rayo Vallecano.

[3] On 27 August 2018 the stadium was temporarily prohibited from hosting football matches, until improvements had been made, as parts of the stadium were judged to be unsafe by its owners, the Community of Madrid.

[4] Campo de Fútbol de Vallecas was the venue for the 1940 Copa del Generalísimo Final, as the Copa del Rey was known during caudillo Franco's Francoist State.

Atlético Madrid also played their home matches at the venue between 1939 and 1943 after the Spanish Civil War, as their stadium, the Metropolitan, was destroyed by the war.

On 3 August 1986, the British rock band Queen performed at the stadium as part of The Magic Tour.