The club was founded on 2 January 1921, by sportsmen from the Italian colony of Belo Horizonte as Societ Sportiva Palestra Itlia. As a result of the Second World War, the Brazilian federal government banned the use of any symbols referring to the Axis powers in 1942.

Sport Club do Recife (Portuguese pronunciation: [spTti klub du esifi]), known as Sport Recife or Sport, is a Brazilian sports club, located in the city of Recife, in the Brazilian state of Pernambuco.

Palmeiras have been crowned Champions, Santos have been relegated for the first time in their 111-year history and Fluminense became kings of the continent with victory in the Copa Libertadores. Endrick and Palmeiras won Brazil's key domestic title this year; the Serie A.

The football team plays in the Campeonato Paulista, the state of So Paulo's premier state league, as well as in the Brasileiro Srie A, the top tier of the Brazilian football league system.