The team's colors are dark blue and gold and the crest features a lion, a symbol of the city of Caracas since 1591.

Caracas faced its later nemesis, the Navegantes del Magallanes for the first time on December 27 of that year, winning this now historic game by a 3–0 score.

In its first stage, the team won two championship titles before moving to the Venezuelan Professional Baseball League in January 1946.

The club changed its policy in 1950, after signing catcher Lester Fusselman and outfielder Maurice Mozzali, two St. Louis Cardinals prospects.

By 2001, the descendants of Morales and Prieto sold their shares to the Grupo Cisneros, giving it majority control of the team.

This stadium forms part of the Central University of Venezuela campus and was designed by architect Carlos Raúl Villanueva.

Venezuela also featured 2B Steve Sax, SS Ron Gardenhire, 1B Danny Garcia, 3B Leonardo Hernández, pinch-hitter Andrés Galarraga and pitcher Joe Cowley, among others.

This also marked the first time a Venezuelan team sweeps the Caribbean Series, a feat previously accomplished only by teams from Cuba (Almendares in 1949, Habana in 1952, and Cienfuegos in 1960), from Puerto Rico (Cangrejeros de Santurce in 1953 and 2000, and Senadores de San Juan in 1995) and from the Dominican Republic (Tigres del Licey in 1971, 1977 and 1991, and Águilas Cibaeñas in 1998).