In 1944 Colegiales was relegated to the third division (now Primera C). After two consecutive seasons finishing 2nd, the team finally won the 1947 championship. The team went through the season unbeaten, with 77 goals scored (an average of 3 per game) and only 23 goals conceded. During that year Colegiales played its home games in different venues so the club had forced to move from Villa Martelli. The champion line-up was: Incardona; A. Dardenne, Arrillaga; F. Baloira, Auad, Céspedes; Coudannes, A. Baloira, Cantamessi, Archero, E. Dardenne.