Palestino

The club was founded on 8 August 1920, when they participated in a colonial competition in Osorno.

It was founded by a group of Palestinians; the name of the club reflects the origin in Chile's Palestinian community.

According to American historian Brenda Elsey,

"Leaders of the Arab immigrant community who hoped to find a niche within popular culture for their organizations decided to participate in football once again in 1940s".

In 1952, the Football Federation of Chile set up the first professional leagues.

Palestino was accepted into the Second Division, which they won to attain promotion to the Primera División.

In 1955, the club won their first national championship under the coaching of Argentine captain Roberto Coll.

In that era, the club became known by the nickname millonario (Millionaire) because of their ability to attract top class footballers.

In 1978, the club won their second league title, this time the team was led by Chilean captain Elías Figueroa.

In this campaign they set a new record in the domestic tournament, for the number of games unbeaten and soon won the Copa Chile to claim the league and cup double.

In 2004, the club became a registered company, but the change of status did not bring the expected improvement in results.

In 2006 they finished in 18th place out of 20 teams, forcing them to face a play-off against Fernandez Vial to keep their place in the top flight. Ultimately the club would triumph thus preserving their spot within the Chilean first division.

The club made a surprising run to the final of the Clausura 2008 tournament, where they lost to champions Colo-Colo. Following this success, the club intends to float on the Chilean and Palestinian stock exchanges.