Founded in 1917, Magallanes is considered one of the most successful clubs in Venezuelan baseball.

The name Magallanes, referring both to Ferdinand Magellan (known as Fernando Magallanes in Spanish) and the Strait of Magellan, was chosen by the founding members in a polling to select the club name; other proposed names were Colón (honoring Christopher Columbus) and Diego de Losada, owing to the founder of the city of Caracas.

The Magallanes Base Ball Club debuted the next year, 1918, in the National Baseball Championship.

The club, however, was soon put to an end due to several problems including internal disputes.

[1] The Capy is the official mascot of the Navegantes del Magallanes baseball team.