Cruzeiro's history is traced back to the Italian community living in Belo Horizonte, a city where already some Italian
immigrants lived and their desire to set up a football club. Similar to the Italians of
São Paulo (who founded
Palestra Itália, now known as
Palmeiras) the people of Belo Horizonte wanted the Italian colonies in
Minas Gerais to have its own club as well. In the sporting goods and footwear Augustine Ranieri's factory, located on the street of Caetés, it was decided the foundation of the club should tackle the three major capital: Atlético Mineiro,
América-MG and
Yale. Was born at that moment, the
Società Sportiva Palestra Italia, established on 2 January 1921. The meeting was attended by 95 founders present the shield and uniform that made reference to the Italian colors, and whose SSPI description would be recorded in the center shell. Another decision was that only members of the Italian colony could wear the shirt. Aurelio Noce was elected the first President. Until 1925 the club would only allow Italian men to participate, despite other teams in the nation accepting people of all skin colors and ethnicities. Palestra debuted in the Prado Mineiro Stadium with a 2–0 win in a friendly on 3 April 1921, against a combination from
Nova Lima. The Nova Lima team united players from two teams from the city:
Villa Nova, and Palmeiras, another team form Nova Lima. However, the first official match of Palestra was in a 3–0 win over future archrivals
Clube Atlético Mineiro. In January 1942, Brazil entered World War II and a decree of the federal government forbade the use of terms from enemy nations in entities, institutions, establishments, etc. With this, the Italian name was removed and the club could no longer call themselves Palestra Italia. The name was changed to Sociedade Esportiva Palestra Mineiro. Around six months later, the president Ennes Cyro Poni called a general assembly for 7 October and suggested the name Ypiranga. Between 3 and 7 October, the local media published the new name thinking it would be approved. In assembly, the counselors and associates kept professional system and approved changing club's name and colors. Yale and Ypiranga were suggested, but
Cruzeiro Esporte Clube was chosen to honor the biggest symbol of Brazil, the constellation of
Crux. The idea was from Oswaldo Pinto Coelho. However, the club kept playing as "Palestra Mineiro" until 1943, when the local Federation approved the new statutes. The approved colors were blue and white, chosen as a compromise to appease the Italian factions within the club management, as it was both representative of the Brazilian flag and the
Italian football national team (blue is the color of House of Savoy, who ruled Italy from 1861 to 1946). With the inauguration of the
Mineirão in 1965, Cruzeiro entered one of the most successful periods in its history, in which the club won five
Campeonato Mineiro titles in a row, and went on to win its first national title, the 1966
Taça Brasil (the highest honor in Brazilian football at that time) beating
Santos of
Pelé in the final. Cruzeiro won the first leg 6–2 at the
Mineirão, and the second leg 3–2 in
São Paulo. In the
1974 Campeonato Brasileiro Série A Cruzeiro were runner-up for the first time, after losing to
Vasco in the finals. Later in 1975, Cruzeiro were runner-up in the Campeonato Brasileiro again, this time losing to
Internacional. In 1976, Cruzeiro won its first
Copa Libertadores de América, over
River Plate of
Argentina. Cruzeiro went on to be runners-up of the same competition in 1977, being defeated in the finals by
Boca Juniors, also of Argentina. After winning the 1976 Copa Libertadores, they participated in the 1976
Intercontinental Cup, now renamed the
FIFA Club World Championship, for the first time and tied
Bayern Munich 0–0 at the Mineirão, but lost 2–0 to Bayern in the
Olympiastadion. The 1980s was the only decade Cruzeiro did not participate once in the Copa Libertadores since the tournament's creation in 1960. The club were invited to Europe in 1988 by Scottish side
Celtic to play a friendly as part of the Glasgow club's centenary celebrations. In the 1990s a new era began, and a 15-year sequence of at least one title per year was initiated. This included six of the club's seven international championships and a
Campeonato Brasileiro (2003). In December 2010 the CBF (the governing body of Brazilian football) also recognized Cruzeiro as Brazilian champion of 1966, for having beaten Santos of Pelé: 6–2 in Belo Horizonte and 2–3 in São Paulo. The club's biggest exploit in the 21st century happened when it won the
Campeonato Brasileiro Série A. With 100 points earned during the season, and just over 100 goals scored in 46 matches, it was one of the most successful campaigns ever by a club in a Brazilian championship. In 2003, besides winning the Campeonato Brasileiro Série A, Cruzeiro also won the
Copa do Brasil and the
Campeonato Mineiro, to become the only Brazilian team to win the triple crown. From 2003 to 2012 Cruzeiro have only won one major tournament (four times): the Campeonato Mineiro (2004, 2006, 2008, 2009). However, the club finished in the top five of the Campeonato Brasileiro in 2007, 2008, 2009 and 2010, guaranteeing a spot in the Copa Libertadores for four consecutive years (2008, 2009, 2010 and 2011). In 2010, after a great campaign in the Campeonato Brasileiro Serie A, Cruzeiro took the second place and qualified for the Copa Libertadores da America for 2011. Cruzeiro's biggest success in recent years was reaching the
finals of the 2009 Copa Libertadores, but they lost to
Estudiantes de La Plata 2–1. After a disastrous 2011 season, escaping relegation only in the last round after a triumphant 6–1 against arch-rival Atlético,
Gilvan Tavares became president for the 2012-2013-2014 triennium. 2012 was slightly better than 2011, but still Cruzeiro won no titles. In 2013 Cruzeiro lost
Campeonato Mineiro again, despite displaying a good game against smaller clubs.
Copa do Brasil started promising but Cruzeiro was knocked out by future champion Flamengo in the quarterfinals. After the elimination Cruzeiro went all in to
Campeonato Brasileiro and was crowned champion for the third time, this time four rounds before the championship ended, playing an offensive and intense game that led many, including press and runners-up, to attribute the title many rounds before the mathematical confirmation. Cruzeiro's 2014 season was even more successful. It started with Cruzeiro winning the
Campeonato Mineiro without losing a single match in the whole competition. In the Copa Libertadores da America, Cruzeiro was knocked out, in the quarter finals, by future champion
San Lorenzo de Almagro, being the last remaining Brazilian team in the competition. This loss did not prevent Cruzeiro to lead the
Campeonato Brasileiro for almost the whole competition, being crowned champion for the fourth time and becoming the second team not from
Rio de Janeiro nor
Sao Paulo to win the Campeonato Brasileiro twice in a row. Cruzeiro also got to the final of the
Copa do Brasil, but lost both matches to rival
Atlético Mineiro. In April 2024, three years after having acquired it for R$ 400 million, the businessman and former football player
Ronaldo sold the team's
SAF to businessman
Pedro Lourenço for R$ 500 million. ==Symbols==