The club was founded on September 22, 1914 in the building of the Graduada Doble School under the supervision of the school director Mr. Enrique Soler. In the meeting, it was decided to create an institution to develop the practice of sports in the city of Capiatá and the name "General Martín Ledesma Football Club" was chosen for the institution in honor of the founder of the mentioned city, General Don Martín Ledesma de Balderrama.[citation needed]
The first ever board in 1914 consisted of:
President: Mr. Juan R. Alcaraz
Vice President: Mr. Juan B Salcedo
Secretary: Mr. Venancio Trinidad
Treasurer: Mr. Alberto Sanchez
Arsenio Ayala, José Sosa, José Emiliano Céspedes, Juan Cappa and José Arrúa were also members of the board.