Chepo FC was founded in 1999 under the name of Proyecto 2000,[1] where it gathered young players from around the country aspiring to win a ticket to the Liga Panameña de Fútbol one day. They started playing in the Liga Distritorial de Fútbol de Panamá (Lidifutpa).[3]
In 2000 the team was renamed Chepo FC due to expansion and participated in 2003 in Primera A.
In 2006 the team gained promotion from Primera A to the Liga Panameña de Fútbol after beating Pan de Azúcar 2–1.[4] They have not been very successful at the highest level and only reached the semi-finals of the 2008 Apertura season.[5]
By May 2016 main sponsor retired support causing the team to fold,[6] it was replaced by Liga Nacional de Ascenso runner-up S.D. Atlético Veragüense.
Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply. Players may hold more than one non-FIFA nationality.