In March 2023, the Government of Veracruz began the reconstruction works of the Estadio Luis Pirata Fuente, with the aim of making it attractive to new investors interested in bringing a team to the city.

[2] Meanwhile, Porto Palmeiras, a local football school, began negotiations with the aim of getting a professional team for the city.

In April 2023, it reached an agreement with Racing City Group, a Qatari conglomerate that owns teams around the world.

[7] On June 28, 2024, the team was renamed Racing de Veracruz because the board decided to end its relationship with the Racing City Group in addition to seeking the club's identification with the city and not only with the football school that was part of the team's founding.

[10] Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply.