However, on December 27, 2019, the team was dissolved after Jimmy Goldsmith's death, the businessman had been the owner since 2008 and his family had no interest in keeping the club alive, which meant its dissolution.

During this time one of their players was called to participate as a starter in the forward position of the Mexican College Football team that represented Mexico in the University World Championship.

In professional sports, the University of Colima participated in the championship of the Mexican Football Federation, 1986–1987, remaining in second place in their group, which won them the right to go to the tournament "Liguilla de Ascenso".

In 2008, with support from entrepreneur Jimmy Goldsmith, Atlético Cihuatlan, who had been champion of Torneo Clausura 2007 of the Third Division of Mexico and thus had gained promotion, merged with Loros de Colima, with Octavio Mora as coach.

Loros then created a parallel "reserve club" composed of young footballers from Colima, this team was coached by José Ernesto Santana Díaz and had the objective of nurturing the main squad.

A year after the new project launched, Loros played its second Final in Second Mexican division, this time facing Linces de Tlaxcala in the Apertura 2013.

During Apertura 2013, Loros was the team with the most points (35) and was leader of Group 2, but due to the percentage system used, ended up in 2nd place of the league table.

On May 9, 2015, Loros reached the final of the Second Division of Mexico for the third time, winning the Clausura 2015 title after defeating Cruz Azul Hidalgo 3–2 on aggregate.

In the first leg, Cruz Azul Hidalgo took a 2–1 lead in Ciudad Cooperativa Cruz Azul; but in the second leg Loros won 1–0 in regular time, forcing the match into extra time where Loros scored twice, securing the championship and the opportunity to play the final for promotion against Potros UAEM, the Apertura 2014 champions.

Less than a week later, Loros Colima won in front of their home crowd for the final time in Ascenso MX against Atlante with a score of 3–1.

Only 5 of 25 players managed to find a new team for the 2020 season, among them Víctor Mañón, Osciel de la Cruz and Miguel Guzmán.

Goalkeeper Javier Morán described that the team had their last training session on December 21 (with Jimmy Goldsmith wishing them happy holidays and urging them to stay healthy).

On December 23 Goldsmith died at the age of 86 and on Christmas Day players received a text message informing them that the club was dissolved and that there was "nothing anyone could do about it".